this post was submitted on 12 Mar 2026
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‘Devastating blow’: Atlassian lays off 1,600 workers ahead of AI push (www.theguardian.com)
submitted 1 day ago by themachinestops@lemmy.dbzer0.com to c/technology@lemmy.world
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[–] andallthat@lemmy.world 172 points 1 day ago* (last edited 1 day ago)

AI-washing layoffs. They will replace jack shit with AI but that's a better story than "we have to reduce costs because we don't have cheap ways to refinance our $1B debt".

Credit isn't cheap and Iran is not going to make it cheaper, investments in software have tanked, so the only story that can still be told with an almost straight face is that they still have big growth opportunities thanks to the magic of AI.