Atlassian announced a 10% workforce reduction (1,600 employees) as part of a corporate restructuring to pivot toward AI and enterprise sales, amid the company's declining market value and ongoing losses. The layoffs disproportionately affected software R&D roles, with union representatives criticizing the lack of consultation and transparency in the decision-making process.
Google completed its $32 billion acquisition of cloud security startup Wiz, marking Google's largest acquisition ever. Wiz CEO Assaf Rappaport had previously rejected a $23 billion offer in 2024, betting the company could grow larger.
Atlassian is laying off approximately 10% of its workforce (1,600 employees) to fund AI investments and strengthen its financial position, despite CEO claims that AI is not replacing people. The company estimates severance costs of $225-236 million, with layoffs primarily affecting software developers in North America, Australia, and India.