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An Anonymous Coward writes:

They call it the "tech wreck". Big name tech companies taking a dive or just shoring up against hard economic times. The latest in a series of belt tightening is the charming unicorn technical tools company named Atlassian who are cutting 500 jobs [news.com.au]. While their books are still good, the company has said that this is more about changing the company structure to meet future demands.

“A month back we reorganised our company to better reflect operating in a changing and difficult macroeconomic environment. We made tough calls to prioritise the most critical work for our current and future customers. While it helped us streamline work, we need to go further in rebalancing the skills we require to run faster at our company priorities.

I totally believe everything a company puts in a press release.

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