Atlassian’s Layoffs are AI-Inspired

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The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 12 March 2026

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Atlassian announced that it is letting about 10% of its workforce go today. Management said it was because AI is making the company more efficient, but we’re wondering if there is more to it than that. Plus, some napkin math on the Strategic Petroleum Reserve release and Dollar General’s most recent earnings Tyler Crowe, Matt Frankel, and Jon Quast discuss: - Altassian’s Layoffs - The challenges facing SaaS companies in an age of efficiency - Assessing the impact of the SPR release and how it changes our investing approach - Dollar General’s earnings and its ongoing turnaround project Companies discussed: TEAM, XYZ, DG, FIVE, WMT, TGT Host: Tyler Crowe Guests: Matt Frankel, Jon Quast Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Layoffs because of AI seem to keep coming.
0:09.0	This is Motley Fool Money.
0:10.0	Welcome to Motley Full Money. I'm Tyler Crow, and today I'm joined by longtime Fool
0:25.1	contributors, Matt Frankel, and John Quast. It's a bit of a smorgasbord of a show today. We're
0:30.0	going to look at the math behind the release of the Strategic Petroleum Reserve and a little bit
0:34.4	of the update on the oil situation in the markets right now.
0:41.4	We're going to do a quick check on retail company Dollar General.
0:44.1	But first, we want to take a look at Atlassian.
0:48.3	Earlier today, the company made a decision that they were going to have a rather large round of layoffs.
0:50.0	As we're taping, shares are up about 0.4%.
0:53.9	So not really much of a huge market reaction, almost like a, yeah, we were expecting this.
0:59.0	John, you dug into the numbers for us.
1:01.0	Kind of give us a brief rundown of what Atlassian is planning.
1:05.0	And what were your knee-jerk reactions to the decision?
1:08.0	I think most of the time this wouldn't be considered a large layoff necessarily,
1:12.1	roughly 10% of the workforce. But for Atlassian, this is a massive shift in how it is talked
1:19.4	about its employee workforce in the past. I just want to do a little bit of basically go back in time.
1:27.8	If you look at the headcount for Atlassian back at June 30th, 2021, the reason I'm choosing June
1:33.0	30th is because its fiscal year is a little bit wonky.
1:36.2	That's the end of its fiscal 2021.
1:38.2	It had just over 6,400 workers.
1:41.5	By the end of the next fiscal year, it had over 8,800 workers. That's an increase of
	...

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