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Atlassian Is Cutting 10% of Jobs. Should You Buy TEAM Stock as AI Takes Over?
Yahoo Finance· 2026-03-18 03:12
Sydney-based software company Atlassian Corporation (TEAM) has announced it will cut 10% of its workforce, or about 1,600 jobs, as it grapples with fears about artificial intelligence (AI). The company has been facing the same concern plaguing software firms: the fear that AI will become a significant competitor to software. Beaten-down Atlassian is trying to restructure itself to be more AI-focused, with CEO Mike Cannon-Brookes saying that the cost-saving measures are there to “self-fund further investm ...