Not sure but i see something fishy going on with Atlassian. There stock is crashing like meta but they are hiring like uber. Are they creating something big or will start layoffs soon.
Tech Industry
2d
10158
What happens when most of your team is Indian?
2024 Presidential Election
Yesterday
266
Canceling debt isn’t inflationary or costing tax payers
Today I Learned
Yesterday
1851
White male privilege is real
World Conflicts
7h
357
Peaceful Protest Hasn’t Worked and Has Been Met With Aggression.
World Conflicts
12h
960
Why do Indians support Israel so much( on blind surprisingly) when Israel really thinks 💩of them ?
Stock price has nothing to do with ability to hire
Why? I'm actually curious.
Stock price can fall for a variety of reasons, it doesn’t imply that they’re pressed for money (among other things). In Atlassian’s case, their revenue beat expectations and EPS was a marginal miss, which is pretty good all things considered. It looks like their stock fell due to guidance because of the holistic macroeconomic state. As long as their revenue continues to grow, they should be able to keep hiring intentionally. I don’t work for Atlassian, nor am I an expert in any of this, it’s just my opinion.