Atlassian cuts 5% of head count as the software maker focuses on

Michael Cannon-Brookes, co-CEO, Atlassian

Scott Mlyn | CNBC

Business-software maker Atlassian said Monday that it will lay off 500 employees, or around 5% of its workforce. Atlassian shares were up 1% in extended trading following the announcement.

The technology industry has been contracting…

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