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The Latest Breaking News from Scott Farquhar

Scott Farquhar steps down as Atlassian co-CEO

Scott Farquhar, the billionaire co-founder of Australian tech darling Atlassian, will step down as the company's chief executive after 23 years in the role.

AAP

Atlassian Earnings Top Estimates. Co-CEO Farquhar To Step Down.

Atlassian stock fell after the software maker reported fiscal Q3 earnings that topped estimates and announced Scott Farquhar will step down as co-CEO.

Investors Business Daily

Atlassian swears by remote work, but if you’re in wrong time zone, good luck landing job at $63B firm

The software firm expects members within any given team to have "at least four to six hours of overlap" with their colleagues.

Fortune

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Why one tech billionaire only goes to the office 4 times a year

Pandemic-era lockdowns are over. For some tech companies, that means remote work is over, too.

The Street

An software CEO worth $12 billion says he goes to the office ‘once a quarter,’ bucking Big Tech's return to office trend

Atlassian CEO Scott Farquhar says he hasn't seen a productivity change after letting employees work from home.

Fortune

Billionaire climate activist Mike Cannon-Brookes and wife Annie to separate

The couple pledged in 2021 to spend $1.5bn of their approximately $25bn personal fortune on projects to tackle the climate crisis

The Guardian - AU

Funding gap means growing pains for Australian unicorns

Australian technology startups are challenging Silicon Valley ventures for investment but need changes to education and funding to take on big firms.

AAP

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Twilio CEO’s top advice to founders during the downturn: ‘Follow your customer’

Advice from a veteran CEO during the uncertain market.

Fortune

‘Don’t F&*! The Planet’: Atlassian issues net zero guide for companies cutting climate impact

Tech firm founded by Australians Mike Cannon-Brookes and Scott Farquhar says net zero must be achieved by cutting emissions by 90% and only offsetting the remainder

The Guardian - AU

Australian software giant Atlassian to shed 5 per cent of workers, or 500 jobs globally, as tech industry layoffs grow

Australian software company Atlassian will reduce its workforce by 5 per cent in response to changing economic conditions, but co-founders Mike Cannon-Brookes and Scott Farquhar say the company is not facing financial difficulties.

ABC News

Tech giant Atlassian to sack one in 20 workers

Australian-based software firm Atlassian has announced it will cut one in 20 jobs in an attempt to reorganise the company amid economic challenges.

AAP

Who is the most entitled aristocrat of the year? Find out in Crikey’s 2022 business awards

Some will proudly display their prize, others, well, a low profile could be best. And the winners are…

Crikey

Climate 200 made nearly $6 million in political donations to teal independents ahead of federal election

Election disclosures detail the millions of dollars raised and spent by the teal independents to defeat high-profile Liberal MPs in blue-ribbon seats at the May federal election.

ABC News

Winning teal independents backed by $10.2m in political donations

AEC disclosures reveal Atlassian founder Scott Farquhar was the biggest Climate 200 donor, giving $1.5m, followed by Mike Cannon-Brookes

The Guardian - AU

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Daily Record

Perthshire schoolboy reported missing after vanishing from home overnight is found safe and well

Scott Farquhar (15) was last seen at home in Almondbank, Perthshire, at around 11.15pm on Tuesday before being traced

Daily Record

Scots schoolboy vanishes from home overnight as police launch desperate appeal

Scott Farquhar, 15, was last seen at home in Almondbank, Perthshire, at around 11.15pm on Tuesday.

The Canberra Times

Good pay, work anywhere: Tech billionaire's enticing pitch to Canberrans

Atlassian has big plans to hire more than 1000 Aussies in research and development.

Crikey

Summit seating plan shows who’s a star and who’s been snubbed

Prominent business leaders, union representatives and politicians have arrived in Canberra to discuss Australian employment.

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AAP

National skills agreement expected by 2024

Ahead of the jobs and skills summit in Canberra, Prime Minister Anthony Albanese and state leaders have initiated work on a new national skills agreement.

Crikey

It’s valued in the billions, but Atlassian is losing money. And it’s not keeping up in a fast-paced industry

Once able to grow quickly and profitably, Atlassian is growing a lot more slowly than it used to, and it will need to spend big to achieve growth.

The Guardian - AU

Elon Musk’s return-to-office threat to Tesla staff sparks Twitter spat with Australian billionaire

Atlassian boss Scott Farquhar says he’d be happy to poach Musk’s employees for remote jobs at his software company, which allows staff to work from home

Reuters

Feeling 'super bad' about economy, Musk wants to cut 10% of Tesla jobs

Tesla CEO Elon Musk has a "super bad feeling" about the economy and needs to cut about 10% of salaried staff at the electric carmaker, he said in emails seen by Reuters.

Benzinga

Why Are Atlassian Shares Trading Higher Premarket?

Piper Sandler analyst James Fish lowered the firm's price target on Atlassian Corporation PLC (NASDAQ:TEAM) to $414 from $472 and reiterated an Overweight rating on the shares. The price target implies an upside of 42.3%. The analyst says the company's fiscal Q2 was another strong quarter with 8% subscription upside, out-performance across all product categories,…

People

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