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Atlassian is cutting 1,600 jobs and replacing its CTO as it restructures to adapt to a challenging market environment. CEO Mike Cannon-Brookes' earlier optimistic comments contrast sharply with current actions.
Atlassian has cut 10% of its workforce, around 1,600 employees, to redirect resources toward AI initiatives. The move follows similar strategies by other tech giants like Block, signaling a broader industry trend of restructuring for AI competitiveness.
