Atlassian Corp (TEAM): restructuring charge — Atlassian to cut ~10% workforce (~1,600 roles); CTO Rajeev Rajan departing

Atlassian Corp

Reduction of ~1,600 employees (~10% of workforce) announced March 11, 2026.
Estimated total charges of $225M–$236M, with $169M–$174M cash severance and $56M–$62M office exit costs.
Charges primarily in Q3 FY2026; execution substantially complete by Q4 FY2026.
CTO Rajeev Rajan steps down effective March 31, 2026; Taroon Mandhana and Vikram Rao promoted to CTO roles.
Reaffirms Q3 FY2026 and FY2026 financial guidance from Feb 5, 2026 earnings release.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Atlassian Corp announced a restructuring with charges of approximately $225 million to $236 million affecting the Company's workforce (approximately 10% of the Company's workforce).

Type: restructuring
Charge: approximately $225 million to $236 million
Affected area: the Company's workforce
Headcount: approximately 10% of the Company's workforce

Exact text from the filing

efficiency and sustainability. Position eliminations in each country are subject to local law and consultation requirements. The Company estimates it will incur approximately $225 million to $236 million in charges in connection with these actions, of which approximately $169 million to $174 million is expected to result in future cash outlays related to

View on SEC.gov

3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

Atlassian Corp filing history →

Source: SEC EDGAR

accession 0001650372-26-000021

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.