Not "Atlassian laid off 1,600 people, 10% of its workforce"
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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.
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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 there should be enforced followups after mass layoffs to assess social impact on those effected. with the number of people that often get layed off at a time by these huge corps, at least one suicide each time whether the ex-employee or those close to them as a result of life stressor changes wouldn't surprise me.
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@gnomon there should be enforced followups after mass layoffs to assess social impact on those effected. with the number of people that often get layed off at a time by these huge corps, at least one suicide each time whether the ex-employee or those close to them as a result of life stressor changes wouldn't surprise me.
@gnomon only further evidence for holding nuremberg trials for the ruling class...
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@gnomon there should be enforced followups after mass layoffs to assess social impact on those effected. with the number of people that often get layed off at a time by these huge corps, at least one suicide each time whether the ex-employee or those close to them as a result of life stressor changes wouldn't surprise me.
@kim personal experience lines up with your numbers.
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@kim personal experience lines up with your numbers.
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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 also don't let them hide behind "atlassian leadership"
Put their actual names "Mike Cannon Brookes, Shona Brown, Scott Belsky... With 300,000 paying customers... Layed off 1600 people"
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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 it’s so sad when a company you respected turns out to be another IBM.
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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 I'd rather say their 'cloud only' push backfired pretty heavily (rather unsurprisingly to me).
How many paying customers did they loose that way? 10%, 20%? And those were the on-prem customers which paid lots of money. That's some big numbers!
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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 they have no shame that's how they get into these positions. Legislate and regulate. I'm personally thinking "if a company does more than total X layoffs in a financial year then it is illegal to issue bonuses or share dividends" that will show these smug psychopaths.
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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.
In addition:
If layoffs don't represent the middle-term employee needs of the company, you're crippling the company's ability to function and grow for some short-term gains.
It takes years to train good employees. It takes even longer to nurture an environment where employees know where to trust, and where to verify the work of their fellow workers.
Not to mention the hit to motivation if you treat people thusly:
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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.
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@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.
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R relay@relay.mycrowd.ca shared this topic
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@gnomon I'd rather say their 'cloud only' push backfired pretty heavily (rather unsurprisingly to me).
How many paying customers did they loose that way? 10%, 20%? And those were the on-prem customers which paid lots of money. That's some big numbers!
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@gnomon also don't let them hide behind "atlassian leadership"
Put their actual names "Mike Cannon Brookes, Shona Brown, Scott Belsky... With 300,000 paying customers... Layed off 1600 people"
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R relay@relay.infosec.exchange shared this topic
