Atlassian

Australian software company Atlassian announced a round of layoffs affecting 5% of its workforce, or about 500 employees, according to a blog by the company’s CEOs.

The teams impacted include talent acquisition, program management, and research and insights, among others.

“We want to be clear these decisions are not a reflection of our teammates’ work. Every single person has made contributions that have changed our company for the better and will leave a lasting impact on their peers and teams,” CEOs Michael Cannon-Brookes and Scott Farquhar said. “This is about rebalancing the roles we need across Atlassian first and foremost.”