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Story summary
- Atlassian plans to cut about 1,600 employees (10% of its workforce), mainly in software research and development, due to AI adoption.
- The move follows a 50% drop in Atlassian's stock since January.
- Oracle has added $500 million for restructuring, bringing its fiscal-year total to $2.1 billion.
- Despite strong quarterly results, Oracle faces cost pressure and may cut jobs as it automates coding.
