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Jacob Shteyman

BIZARRE: Tech giant atlassian to sack one in 20 workers | Mind Blowing Facts

Atlassian Scott Farquhar Mike CannonBrookes Australia Twitter Inc.

Atlassian's Scott Farquhar has announced the software company will lay off 500 employees. (Mick Tsikas/AAP PHOTOS) (AAP)

Australian tech giant Atlassian will cut one in 20 jobs, including about 120 local roles, in an attempt to "rebalance" its workforce.

Co-founders Scott Farquhar and Mike Cannon-Brookes announced the Sydney-based software company would lay off 500 employees on Tuesday, minutes before affected staff were notified by email.

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