Australia’s millionaire factory is closed for business
Atlassian announced the end of its equity-based compensation, shifting to cash-only pay for most employees, effective July 1. This decision comes after the company spent $US1.36 billion on stock compensation in 2025, leading to sustained losses. CEO Mike Cannon-Brookes cited the need for profitability and competitiveness in a challenging market as reasons for the change.
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Published 14 Jul 2026, 05:00 UTC · Updated 14 Jul 2026, 05:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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