---
schema_version: "secwatch.filing_event.v1"
accession: "0001650372-26-000021"
form_type: "8-K"
ticker: "TEAM"
cik: "0001650372"
company_name: "Atlassian Corp"
filed_at: "2026-03-11T23:59:59+00:00"
generated_at: "2026-05-15T14:50:31.657567+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Atlassian to cut ~10% workforce (~1,600 roles); CTO Rajeev Rajan departing

## Summary
- 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.

## SEC filing metadata
- accession: 0001650372-26-000021
- form_type: 8-K
- ticker: TEAM
- cik: 0001650372
- company_name: Atlassian Corp
- filed_at: 2026-03-11T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 7.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1650372/000165037226000021/0001650372-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1650372/000165037226000021/team-20260311.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001650372-26-000021
- JSON: https://secwatch.observer/filing/0001650372-26-000021.json
- Plain text: https://secwatch.observer/filing/0001650372-26-000021.txt

## Key facts
- Restructurings & Charges
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1650372/000165037226000021/0001650372-26-000021-index.htm

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