Not "Atlassian laid off 1,600 people, 10% of its workforce"

But rather: "Atlassian leadership, with 300,000+ paying customers & ~5.2 billion USD in revenue & 6+ billion USD in assets in 2025, failed to line up their financial projections with their own staffing projections, and acted to place the burden of this gap on their direct reports rather than leadership, executive compensation packages, assets, or shareholders"

Layoffs should be personally mortifying. Boards should change.

For shame.

@gnomon And Atlassian is headquartered in Australia where layoffs are illegal.

@jeremy_list headquartered in Australia but I think it's under US jurisdiction as of 2022¹?

I didn't know that layoffs were illegal in Australia. That's very interesting, thank you.

¹: https://www.businesswire.com/news/home/20221003005143/en/Atlassian-Announces-Completion-of-its-Redomiciliation-to-the-United-States

Atlassian Announces Completion of its Redomiciliation to the United States

Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announces the completion of the compan