Atlassian cuts 5% of its workforce

Atlassian, the company behind tools like Jira, Confluence and Trello, today announced that, after a reorg a month ago, it is now laying off about 500 employees. That’s about 5% of its total workforce.
Atlassian co-founders and co-CEOs Mike Cannon-Brookes and Scott Farquhar note in today’s announcement that this move shouldn’t be seen as a reflection of the company’s financial performance (though it’s worth noting that despite increasing its overall revenue in recent years, it continues to report net losses in its quarterly earnings releases). Instead, the co-found

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