What happened
Announced 11 March 2026. CEO Mike Cannon-Brookes said AI had changed both the skill mix and the number of roles required. This supersedes a smaller July 2025 reduction that the company explicitly said was NOT replacement by AI — the same company, two rounds, two different answers.
Attribution and company response
Revenue held, staff cut. The published revenue comparison held or grew — $6.57bn in FY2026, up 26.0%. This clears the tracker’s revenue screen; it does not prove AI substitution, completed departures or the absence of financial pressure.
What the figures show
WHO BENEFITS?
Revenue grew, but the record does not yet show whether workers shared in the gains.
- Business performance
- $6.57bn in FY2026, up 26.0%
- Worker pay
- $216,706 median · 2025One year of pay data; no trend established.
- Workforce impact
- 1,600 · 10%MAR 2026 · Scope of the reported event, not net job losses.
- Cash flow / profitability
- 12% GAAP operating marginQ4 FY2026 only · Not a shareholder payout.
Two-year history · 8 quarters
Jul 2024–Jun 2026 · USD millions · 5 of 6 measures cover every quarter. Checked 2026-09-22.
Each chart uses its own scale. Financial gains do not establish gains for workers or an effect caused by AI.
| Quarter ended | Revenue | Net profit / loss | Operating cash | Cash investment (PP&E) | Buybacks paid | Dividends paid |
|---|---|---|---|---|---|---|
| 1,187.8 | -123.8 | 80.5 | 6.2 | 183.6 | — | |
| 1,286.5 | -38.2 | 351.9 | 9.3 | 69.2 | — | |
| 1,356.7 | -70.8 | 652.7 | 14.4 | 134.3 | — | |
| 1,384.3* | -23.9* | 375.3* | 15* | 392.3* | — | |
| 1,432.6 | -51.9 | 128.7 | 14.1 | 252.8 | — | |
| 1,586.3 | -42.6 | 177.8 | 9.3 | 197.4 | — | |
| 1,787 | -98.4 | 567.5 | 6.2 | 990.9 | — | |
| 1,766.5* | 139.1* | 479.1* | 4.4* | 359.3* | — |
Consolidated company figures. Acquisitions, disposals, taxes and changes in reporting scope can affect comparisons. This series does not isolate AI effects.
* Calculated by subtracting reported periods: usually cumulative total minus the previous cumulative total, or full year minus nine months for Q4. Monday.com Q1 is half year minus Q2. Click a value for its source; click * for the subtracted period. Some calculations use different filings and may be affected by restatements. Fiscal dates differ between companies; compare the same season a year earlier.
Worker pay remains annual in the compensation table. Missing quarterly pay or headcount is not interpolated. This is financial-history coverage, not a complete assessment of who benefits.
Sources & limits
Revenue is not profit. These figures may cover different periods and do not isolate the effects of AI. Median pay includes more than salary and can change with workforce composition; it does not track raises for the same employees.
The company did not quantify the AI share. Note also the reversal in its own framing between the 2025 and 2026 rounds, which is a reason to read the later attribution carefully rather than take it at face value.
Full-time and part-time employees as of 30 June 2025; equity grant values included. Non-CEO named executives are the population for the executive average.
Allocation evidence: Quarterly profitability, not an annual payout or evidence that savings reached employees. Comparable allocation and worker-pay changes remain unverified. Checked 22 September 2026. Allocation source ↗
Executive pay & historical figures
Annual stock awards can make CEO pay and its ratio swing sharply. No fairness rating is assigned to this ratio.
| Year | Median employee | CEO | Named executives, avg. | CEO / median |
|---|---|---|---|---|
| 2025 | $216,706 | $54,240 | $16.7m | 0.25:1 |
* Estimated from median compensation × reported ratio.
Full-time and part-time employees as of 30 June 2025; equity grant values included. Non-CEO named executives are the population for the executive average.
Workforce and outcome context
Atlassian reported 13,301 full-time employees at 30 June 2026; temporary workers and consultants are separate. This is not a count of roles replaced by AI.
Sources and dates
- CEO statement · The Register · MAR 2026.
- Workforce context checked 20 September 2026. Source ↗
- Financial record: Source ↗