Item 8.01. Other Events.



On March 6, 2023, Atlassian Corporation (the "Company") announced a rebalancing
of resources resulting in the elimination of certain roles impacting about 500
full-time employees, or approximately 5% of the Company's current workforce.
These actions are part of the Company's initiatives to better position it to
execute against its largest growth opportunities. This includes continuing to
invest in strategic areas of the business, aligning talent to best meet customer
needs and business priorities, and optimizing for operational efficiency.
Position eliminations in each country are subject to local law and consultation
requirements.

The Company estimates it will incur approximately $70 million to $75 million in
charges in connection with these actions, of which approximately $27 million to
$29 million is expected to result in future cash outlays related to severance,
notice period, employee transition and benefits payments, and approximately $43
million to $46 million is expected to consist of non-cash charges for
accelerated vesting of share-based awards and exit charges associated with
office space reductions.

The Company expects the majority of these charges will be incurred in the third
quarter of fiscal year 2023 and the execution of these actions, including cash
payments, will be substantially complete by the end of the fourth quarter of
fiscal year 2023.

The charges the Company expects to incur, and the timing thereof, are subject to
a number of assumptions, and actual expenses may differ materially from the
estimates disclosed above. In addition, the Company may incur other charges or
cash expenditures not currently contemplated due to unanticipated events that
may occur, including in connection with the implementation of these actions.

An update to Atlassian's employees from Atlassian's Co-Chief Executive Officers regarding these actions is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference.

Forward Looking Statements



This Current Report on Form 8-K and the accompanying exhibit contain
forward-looking statements including, but not limited to, statements related to
the expected benefits and impact of the rebalancing of resources, office space
reductions, growth opportunities, financial performance, operational efficiency
and reinvestment. These forward-looking statements are based only on currently
available information and the Company's current beliefs, expectations, and
assumptions. Because forward-looking statements relate to the future, they are
subject to inherent risks, uncertainties, assumptions, and changes in
circumstances that are difficult to predict and many of which are outside of the
Company's control. If the risks materialize, assumptions prove incorrect, or the
Company experiences unexpected changes in circumstances, actual results could
differ materially from the results implied by these forward-looking statements,
and therefore you should not place undue reliance on any forward-looking
statements. Risks include, but are not limited to, risks described in the
Company's filings with the Securities and Exchange Commission ("SEC"), including
the Company's Form 10-Q for the fiscal quarter ended December 31, 2022 and in
other filings the Company makes with the SEC from time to time, which could
cause actual results to vary from expectations. All forward-looking statements
contained herein speak only as of the date hereof. The Company assumes no
obligation and does not intend to update these forward-looking statements,
except as required by law.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.
Exhibit No.              Description
99.1*                      Update to Atlassian Employees from Scott

Farquhar and Mike Cannon-Brookes,


                         dated March 6, 2023
104                      Cover Page Interactive Data File (formatted as Inline XBRL).



* Filed herewith

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses