Atlassian is cutting 1,600 jobs, representing 10% of its workforce, following a significant share price decline driven by investor concerns about AI replacing their products. CEO Mike Cannon-Brookes announced the decision amid broader tech sector redundancies, including WiseTech reducing staff by up to 40% and Afterpay owner Block eliminating 4,000 roles. The layoffs reflect mounting pressure on established tech companies as artificial intelligence disrupts traditional software markets.
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