Anonymous22 days ago
Atlassian CEO Mike Cannon-Brookes announced the elimination of 1,600 jobs — 10% of the company's global workforce — in a four-minute pre-recorded video, citing the need to "self-fund" AI investment as the company's stock has lost more than half its value in 2026. The layoffs, which disproportionately targeted R&D roles and sparked union backlash in Australia, have reignited debate over "AI washing" — the growing practice of companies using artificial intelligence as rhetorical cover for cost-cutting measures that may be driven by more conventional financial pressures.