Atlassian follows Block's footsteps and cuts staff in the name of AI [Yahoo! Finance]
Atlassian Corporation - Class A (TEAM)
Last atlassian corporation - class a earnings: 4/30 04:03 pm
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investors.atlassian.com/investors-overview/default.aspx
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Source: Yahoo! Finance
Mike Cannon-Brookes, co-founder of Atlassian Corp., in Sydney, Australia, on Dec. 6, 2023. Mike Cannon-Brookes co-founded software giant Atlassian. Photographer: Lisa Maree Williams/Bloomberg via Getty Images | Image Credits:Bloomberg / Contributor Australian productivity software company Atlassian held layoffs as the company looks to funnel more money into AI. Atlassian announced it's cutting 10% of its workforce , around 1,600 people, on March 11. The company said this decision allows it to spend more funds on AI, enterprise sales, and to strengthen its finances. More specifically, Atlassian said that it's doing well, but is choosing to adapt to market conditions. “The bar for what ‘great' looks like for software companies — on growth, on profitability, on speed, on value creation — has gone up,” Atlassian CEO Mike Cannon-Brooks wrote in a press release related to the layoffs. TechCrunch reached out to Atlassian for more information regarding which types of roles were cut
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News
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- Atlassian (TEAM) had its price target lowered by Mizuho from $205.00 to $185.00. They now have an "outperform" rating on the stock.MarketBeat
- Atlassian CEO Cites AI Shift When Announcing Plan to Shed 1,600 Jobs [Yahoo! Finance]Yahoo! Finance
TEAM
Earnings
- 2/5/26 - Beat
TEAM
Sec Filings
- 3/11/26 - Form 8-K
- 2/20/26 - Form 4
- 2/20/26 - Form 4
- TEAM's page on the SEC website