Atlassian Corporation Class A (TEAM)
Australian Billionaire Mike Cannon-Brookes' Atlassian Cuts 1,600 Jobs Amid AI Push
Atlassian Corp.—controlled by Australian billionaire Mike Cannon-Brookes—is cutting 1,600 jobs, or about 10% of its workforce, as the software company steps up investments in AI amid an industry slowdown.
Atlassian says it's laying off 10% of its global workforce and attributes the cut to the 'AI era'
Atlassian announced plans to cut 1,600 jobs to focus on AI and enterprise growth initiatives. CEO Mike Cannon-Brookes cited AI's impact on workforce needs as a reason for the layoffs.
Atlassian to Cut About 10% of Workforce as It Ramps Up AI Spending
CEO Mike Cannon-Brookes said the company is working to reshape its workforce's mix of skills as it adapts to the rise of AI.
Atlassian slashes 10% of workforce to 'self-fund' investments in AI and enterprise sales
Atlassian said it's cutting 10% of its workforce, or about 1,600 jobs, as it restructures to fund investments in artificial intelligence and enterprise sales. The company said in a blog post that employees would be receiving an email letting them know of their status.
Atlassian to lay off about 1,600 people in pivot to AI
Software provider Atlassian said on Wednesday it would lay off around 10% of its workforce, or roughly 1,600 positions, as part of a restructuring plan to push into artificial intelligence and enterprise sales.
Atlassian Corporation (TEAM) Presents at 2026 Cantor Global Technology & Industrial Growth Conference Transcript
Atlassian Corporation (TEAM) Presents at 2026 Cantor Global Technology & Industrial Growth Conference Transcript
Atlassian's AI Fear Trade May Be Exhausted—3 Signs Point to a Reversal
Atlassian NASDAQ: TEAM has endured one of the most painful declines across the tech space over the past year. Having traded for more than $300 just over a year ago, shares are currently trading around $80, as a 75% slide has sent them back to 2018 levels.
Atlassian Corporation (TEAM) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
Atlassian Corporation (TEAM) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
Atlassian Stock Is Down 76% But 25 Analysts Still Call It a Buy
Widely known for its project management software, Atlassian ( NASDAQ:TEAM ) shares have collapsed 57.6% year-to-date and 75.9% over the past year, landing near 2018 price levels despite a business that looks nothing like it did eight years ago.
Atlassian: This Is Not 2016 Anymore
Atlassian faces severe YTD underperformance, down 53%, despite accelerating Q2 FY26 revenue growth, backlog, and improved net retention rates. TEAM's AI-driven Collections and “System of Work” strategies have not yet offset rising commoditization risks in the Agentic AI era as the software tech stack gets rewritten. Consensus estimates point to declining forward revenue and earnings growth, with markets awaiting evidence of stable retention and backlog before a potential re-rating can occur.
Atlassian: One Of The Biggest Casualties Of The SaaS-Pocalypse
Atlassian has been one of the biggest casualties of what is now called the SaaS-pocalypse, and it is precisely why I decided to look into it. We are not even two months into 2026 and Atlassian's stock is already down by more than 50% on a year-to-date basis. Despite a share price under significant pressure, Atlassian reported its highest top-line growth in six quarters, which is something I was not expecting given current market sentiment.
Atlassian: Trust Growth Acceleration And RPO Buildup (Upgrade)
Atlassian is upgraded to a "Strong Buy" as recent stock declines are driven by sentiment, not deteriorating fundamentals. TEAM demonstrates accelerating revenue growth, with Q2 revenue up 23% y/y and RPO (backlog) surging 44% y/y to $3.8 billion. Gross margins remain in the high 80%s, and pro forma operating margins rose to 27%, supporting a Rule of 40 score of 50.
