---
schema_version: "secwatch.filing_event.v1"
accession: "0001650372-23-000016"
form_type: "8-K"
ticker: "TEAM"
cik: "0001650372"
company_name: "Atlassian Corp"
filed_at: "2023-03-06T23:59:59+00:00"
generated_at: "2026-06-18T11:44:34.447427+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Atlassian to cut 500 jobs (~5% workforce) in resource rebalancing; expects $70-75M in charges

## Summary
- Approximately 500 full-time employees (5% of workforce) eliminated as part of resource rebalancing.
- Estimated charges of $70-75M: $27-29M cash for severance/benefits, $43-46M non-cash for accelerated vesting and office space reductions.
- Majority of charges expected in Q3 FY2023; execution substantially complete by end of Q4 FY2023.
- Company says decision not financially driven; will reinvest in strategic areas like cloud migrations, ITSM, enterprise customers.
- Most impacted teams include Talent Acquisition, Program Management, and Research & Insights.

## SEC filing metadata
- accession: 0001650372-23-000016
- form_type: 8-K
- ticker: TEAM
- cik: 0001650372
- company_name: Atlassian Corp
- filed_at: 2023-03-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650372/000165037223000016/0001650372-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650372/000165037223000016/team-20230306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650372-23-000016
- JSON: https://secwatch.observer/filing/0001650372-23-000016.json
- Plain text: https://secwatch.observer/filing/0001650372-23-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.