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ABC News
ABC News
Business
business reporter Kate Ainsworth

Australian software giant Atlassian to shed 5 per cent of workers, or 500 jobs globally, as tech industry layoffs grow

Atlassian Scott Farquhar Australia
The majority of the job cuts will come from Atlassian's North America office. (Supplied: Atlassian)

Australian software company Atlassian will cut 120 jobs in Australia after announcing "around 500" employees would be made redundant worldwide — equivalent to 5 per cent of its workforce — but says the company is not facing financial difficulties.

In a statement released to the US Securities and Exchange Commission on Tuesday, Atlassian founders and co-chief executives Mike Cannon-Brookes and Scott Farquhar said the company needed to "reduce our investment in specific areas, in order to reinvest in others", in response to the changing business climate globally.

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