Atlassian lays off 1,600 workers ahead of AI push

Layoffs to affect 10% of workforce amid Australian company’s restructuring plan to push into artificial intelligence and enterprise sales

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Software giant Atlassian has announced it is laying off about 10% of its workforce, or roughly 1,600 positions, and replacing its chief technology officer as it restructures to invest further in artificial intelligence.

Shares of the company rose more than 4% in extended trading on the Nasdaq.