An important update on our team

(atlassian.com)

33 points | by snafu109 a day ago ago

17 comments

  • upghost 19 hours ago ago

    > We are doing this to self-fund further investment in AI and enterprise sales while strengthening our financial profile.

    Some quotes from the video:

    > ...at the same time, we're a people company.

    > Your work will live on in our products.

    > Doing the right thing for Atlassian while acting with humanity and doing the right thing for all those on all sides of this set of decisions.

    Wow. There's a lot to unpack here.

    • Maxious 12 hours ago ago

      > Mr Cannon-Brookes told investors he “couldn’t be more bullish” about the opportunities ahead, despite relentlessly selling his own shares in the company daily. The Nightly reports he kept selling 7665 shares on a daily basis even in the month prior to the results at prices ranging from $US161.11 (AU$227) a share on January 8 to $US105.14 on February 4.

      > While ordinary Aussies are asked to make big changes, the 46-year-old decided to treat himself to a ritzy new private jet late last year, admitting to a “deep internal conflict” over the carbon-heavy method of travel.

      > The Atlassian co-founder and CEO bought a Bombardier 7500 and will use it to travel across his vast business operations, which include a minority stake in the Utah Jazz NBA team and a sponsorship deal with Formula 1.

      https://www.msn.com/en-au/money/other/aussie-sacks-1600-afte...

  • bigwheels 20 hours ago ago

    At least the stock went up two bucks after the announcement, $75 -> $77:

    https://www.google.com/search?q=atlassian+stock&rlz=1C5GCEM_...

    Way to go, $TEAM.

  • lucketone 21 hours ago ago

    Tech company who messes with browser’s ctrl+f should be outcompeted.

    • kermatt 18 hours ago ago

      So should browsers that allow it to be messed with.

  • joeyguerra 18 hours ago ago

    When I see atlassian, I always think of the road to Abilene. https://en.wikipedia.org/wiki/Abilene_paradox

  • lovich 18 hours ago ago

    > We are doing this to self-fund further investment in AI and enterprise sales, while strengthening our financial profile.

    > Our approach is not “AI replaces people”.

    So I guess we’re only one step away from Andors “They don’t even bother to lie to us badly” given how bald faced this lie is.

  • pprotas a day ago ago

    Won’t even let em keep their laptop

    • steve_adams_86 21 hours ago ago

      I suspect their equipment is worth a lot more than $1000 USD. Bummer.

  • mpalmer 18 hours ago ago

    > Our approach is not “AI replaces people”.

    > But [..] AI does[..] change the [..] number of roles required in certain areas.

    I can't believe how little this is paraphrasing it.

  • Trasmatta a day ago ago

    > We are doing this to self-fund further investment in AI and enterprise sales, while strengthening our financial profile.

    I'm sure it's such a relief to the humans being fired that their salaries will be used for AI and enterprise sales.

    • lxgr 21 hours ago ago

      If that's the reason, I much prefer executives being transparent about it, rather than sugar coating or outright making up excuses.

  • ChrisArchitect 18 hours ago ago
  • Postosuchus 21 hours ago ago

    Oh no! Yet another "difficult but right decision" (tm) to self-fund further investment in AI.