Software giant Atlassian has announced it is laying off about 10% of its workforce, or roughly 1,600 positions, and replacing its chief technology officer as it restructures to invest further in artificial intelligence.
Shares of the company rose more than 4% in extended trading on the Nasdaq.
The company’s co-founder, Mike Cannon-Brookes, told employees the move was “the right decision for Atlassian” in a note circulated late Wednesday, US time.
“But that doesn’t mean it’s easy,” he said. “Far from it. I know this has a huge impact on each of you, and it weighs heavily on me and Atlassian today.”
About 640 affected employees are in North America, 480 in Australia and 250 in India, with the remainder spread across Japan, the Philippines, Europe, the Middle East and Africa, a spokesperson said.
Lol, firing the CTO during a “technology push” means he warned them they were being morons about to ruin the company.
Losing the CTO is not a huge loss, tbh.
That’s not OP’s point. The point is they are clearly getting rid of the guy for telling them their AI plans are dumb. I’ve seen it before. If you see a leader get dismissed or resign right as there is a big policy shift that’s what’s going on internally.
Do you mean in this specific instance or in general? Cuz my CTO left and we had to directly report to the COO who had 0 understanding of whaterver develoent issues we encountered. It was a huge pain
I’ve not had a cto worth a shit ever. They sit around playing with new tech or demanding status reports but never seen one actually be helpful
Sure, but don’t worry, the huge losses are coming
It’s all fucking deck chairs at this point.