Stock News IEA warns of historic oil disruption: Chevron (CVX) and Exxon Mobil (XOM) advanced as the International Energy Agency said Iran's effective closure o
SUGAR LAND, Texas, March 12, 2026 (GLOBE NEWSWIRE) -- TEAM, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of specialty industrial services offering customers access t
Australian productivity software company Atlassian held layoffs as the company looks to funnel more money into AI.
Atlassian (NASDAQ:TEAM) has announced plans to cut roughly 10% of its workforce, or about 1,600 jobs, as part of a restructuring aimed at increasing investment in artificial intelligence. The Austral
Top insights from the latest market news from Thursday, March 12, from The Motley Fool analysts on Team Rule Breakers and Team Hidden Gems.
Atlassian (NASDAQ:TEAM) has had a punishing stretch.
Atlassian Corp (NASDAQ:TEAM) stock is up 2.9% to trade at $77.66 at last check, after the company unveiled plans to cut 10% of its workforce, citing AI advancements.
Atlassian (NASDAQ:TEAM) has announced plans to cut roughly 10% of its workforce, or about 1,600 jobs, as part of a restructuring aimed at increasing...

Atlassian Cuts 1,600 Jobs in AI Pivot

07:55am, Thursday, 12'th Mar 2026
Atlassian (TEAM) will eliminate about 1,600 roles, or roughly 10% of its global workforce, as the company rebalances spending toward AI initiatives and enterpri
Atlassian (TEAM) will cut 10% of its workforce to reallocate capital toward AI and enterprise sales, incurring $225M–$236M in related costs. TEAM expects most restructuring expenses in Q3 FY26, with
The software company's CEO said "our approach is not 'AI replaces people'."
Atlassian announced a 10% workforce cut due to AI impact on business. Other companies also cutting jobs due to AI concerns.
Mosaic and CF Industries were gaining on the prospect of rising fertilizer prices while UiPath dropped following its earnings report.
Atlassian Corp.—controlled by Australian billionaire Mike Cannon-Brookes—is cutting 1,600 jobs, or about 10% of its workforce, as the software company steps up investments in AI amid an industry s
Atlassian announced Wednesday that it will lay off about 10% of its staff, or 1,600 employees, as the 24-year-old software firm transitions to an "AI-first company.
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