Atlassian has announced that it will be cutting 1,600 jobs as part of its artificial intelligence push.
Staff were reportedly informed about the job cuts through email by CEO Mike Cannon-Brookes.
Atlassian Cuts 1,600 Jobs
According to Sky News, the 1,600 jobs that are to be cut represent 10 per cent of Atlassian's workforce.
30 per cent of these 1,600 jobs, which is equivalent to 480 jobs, are all based in Australia.
In the email sent to employees, Cannon-Brookes explained the reason why the company chose to cut jobs.
"We are doing this to self-fund further investment in AI and enterprise sales, while strengthening our financial profile," he said.
While Cannon-Brookes said that the decision was the right one to make, he likewise acknowledged how it is a very challenging one as well.
Atlassian as an 'AI-First Company'
According to news.com.au, Cannon-Brookes said that Atlassian is reframing itself as an "AI-first company."
"Our approach is not "AI replaces people,'" he told employees. "But it would be disingenuous to pretend AI doesn't change the mix of skills we need or the number of roles required in certain areas. It does."
"This is primarily about adaptation," the CEO added. "We are reshaping our skill mix and changing how we work to build for the future."
Originally published on ibtimes.com.au
