Atlassian is cutting 1,600 jobs, representing approximately 10% of its workforce, following a significant decline in share price. CEO Mike Cannon-Brookes announced the decision amid investor concerns that artificial intelligence will replace the company's services. The cuts are part of a broader trend in Australia's tech sector, with WiseTech reducing staff by up to 40% and Afterpay owner Block eliminating around 4,000 roles.

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