Software Developing Giant Terminates 5% of its Work heads: Since January 2023 many Top positioned Tech and IT companies are announcing layoff news due to internal reasons or to reduce their spending cost by laying off their employees. Now a day layoffs became a part of the culture in IT companies. Recently, the top-positioned software developing company cuts jobs for its employees.
Atlassian Corporation is a leading Australian software development company that develops software for software developers and project managers. This company plans to cut jobs for 5% of its employees which is almost 500 employees. The co-founder of the company has announced this news and said that this is not due to the financial shortage but the company wants to limit their spending amount.
The company wants to invest in other terms by limiting the spending amounts for their work heads. This layoff news shook employees all over the world the company did not enclose the specific departments that they want to cuts the job. The layoff culture is making IT employees to feel a stressed mind-set, but some companies announced that they will not perform layoff as they want to maintain the employee relationship in a better way.