Atlassian Layoffs Announced, Here’s What Fired Employees Will Receive

Atlassian, Australian software company that develops products for software developers, project managers and other software development teams, recently announced its intent to let go of 500  employees amounting to roughly 5% of the company’s workforce. The company says that Atlassian Layoffs have been announced to rebalance the team to better position the company for the long term.

Why Have Atlassian Layoffs Been Announced?

The company says that Atlassian Layoffs did not reflect the company’s financial performance, but instead they were looking forward to reinvesting in roles that suited the priorities of the company better. “As a company, we have massive growth opportunities in front of us, particularly across cloud migrations, ITSM, and serving our enterprise customers in the cloud. Although hard, this rebalancing will help us put more wood behind these arrows,” said the company.

The company also explained that the decision to reduce investment in specific areas was made, to reinvest in others. “This is different to a financially-driven reduction, where you would look to make ‘broad-based cuts’ – for example, a 10% cut equally distributed across every org within the company,” added the company while stating that most of the employees impacted belonged to the following teams: Talent acquisition, program management, and research and insights.

What Employees Impacted by Atlassian Layoffs Will Receive?

The company says that impacted employees will receive the following benefits and supports:

Global separation package: 15 weeks + 1 week for each year of service. Sign-on bonus provisions will be waived, and any accrued and unused Paid Time Off (PTO) will be paid out.

Accelerating vesting: The company will accelerate vesting for the next quarterly vesting event (May 2023). Those who have been with the company for less than a year who are usually not eligible for vesting, will receive vesting for the number of quarters they have worked at Atlassian.

Providing healthcare: Employer-sponsored plans will provide six months of healthcare benefits for employees and their families, and continued access to the company’s Employee Assistance Program (EAP) and Modern Health through this time.

Visa support: The company will provide individual consults with Atlassian’s mobility team, and meetings with external immigration counsel to review visa status and options.

Laptops: Once remotely erased, all employees will be able to keep their laptops.

Internal mobility: The company will provide the opportunity to apply for open roles internally through its Internal Mobility process. The existing team will work with impacted Atlassians over the next four weeks to explore suitable opportunities. This will be the case for everyone regardless of where they live and what the labour laws specify.

Outplacement services will be provided through a partnership with a third party to provide coaching, resume-building and guidance, and job-seeking support.