Atlassian follows Block's footsteps and cuts staff in the name of AI

In Brief 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 pro ...