AI sell-off’s worst-hit company grapples with ‘SaaSpocalypse’
Shares of Australian software maker Atlassian have fallen by more than half as Nasdaq 100 group cuts 10% of workforce
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Atlassian cuts 10% of workforce to adapt to AI threat
Australian software company is latest technology company to axe roles
The AI job cuts are accelerating
Companies are preparing for a time where there might be less work for their employees
US stocks drop on fears AI will hit software and analytics groups
New Anthropic legal tool sends shares in companies including S&P Global and Intuit sliding
Jack Dorsey’s Block to cut workforce by ‘nearly half’ as it leans on AI tools
Group’s shares surge 25% as CEO says ‘most companies are late’ to realise how much technology will affect employment
Apple hit by string of departures in AI talent war
Tech group has lost about a dozen of its AI staff to rivals since start of year
The great software stock meltdown
Sell-off may be overdone, but companies need to move faster to respond to AI