Online collaboration (opens in new tab) developer Atlassian, the corporate behind Trello (opens in new tab), the favored project management tool (opens in new tab), is the newest agency to announce job cuts amid ongoing world financial stress.
In a letter to shareholders (opens in new tab) in February, the corporate mentioned: “Regardless of the present macroeconomic headwinds, the huge alternatives in entrance of us haven’t modified, and we’re able to execute with relentless focus all through 2023.”
These headwinds are guilty for the corporate’s March announcement (opens in new tab) that sees 5% of its workforce leaving the corporate.
The discount in headcount equates to round 500 employees, and is a fairly modest transfer in comparison with different tech corporations who’ve resorted to shedding between 5% and 15% of their staff.
“As an organization, now we have large progress alternatives in entrance of us”, co-CEOs Scott Farquhar and Mike Cannon-Brookes preserve, including that the precedence of roles has modified.
Cloud migrations, ITSM (opens in new tab), and serving enterprise prospects within the cloud have been famous as key areas for progress. Atlassian “might be reinvesting in roles that higher assist [its] priorities”. It’s unclear whether or not the 5% determine accounts for any re-employments. At-risk employees might be eligible for any new roles, with the corporate confirming it can “present the chance to use for open roles internally by way of our Inside Mobility course of.”
Affected employees will obtain 15 weeks’ pay plus one week of pay per yr labored on the firm, along with any paid time without work not taken. Redundant employees may even get six months of healthcare for themselves and their households and continued entry to the corporate’s EAP. Laptops may even stay ex-employee property, as soon as remotely wiped, which is a development that we’ve seen amongst different tech corporations in current months.
Consistent with the “Open Firm, No BS” theme, Atlassian has shared different particulars with employees and supplied up a webinar (opens in new tab) on the time of announcement for affected employees to ask any questions.