TEAM) co-founders Mike Cannon-Brookes and Scott Farquhar take a financial hit

“Atlassian has a strong track record of anticipating workplace trends and taking bold steps to respond to them. We believe a ripper team, a growing customer base and our steady stream of innovations will drive sustainable long-term growth.”

The company’s collaboration and IT service management applications, including Jira, Confluence and Trello, have more than 265,000 customers worldwide, according to the latest figures.

It has made two major acquisitions this year, including enterprise video chat maker Loom for $975 million, Melbourne-based cloud platform provider AirTrack, and added AI functionality to its product suite.

Atlassian joined other tech companies in laying off 5 percent of its workforce in March and said it is “reinvesting in roles that better support our priorities.” On Friday, the company said its workforce had reached 11,151 employees, which was up 14 percent from a year ago.

Cannon-Brookes said on the sidelines of Atlassian’s Teams summit in Las Vegas in April that he had no plans to leave the company he co-founded more than two decades ago, despite increasing commitments to environmental activism and philanthropy.

“I’ve had a 90/10 rule for years… And I don’t plan on changing that,” Cannon-Brookes said.

“Ninety percent of my hours are spent here (at Atlassian), 10 percent outside.

“I have a lot of great teams of people outside, but this is a very conscious choice of how I’m going to spend my time, and that’s how I can have the biggest impact.”

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