After co-founding the software company more than two decades ago,Farquhar will step down to focus on family and philanthropy.
Market optimism in global technology companies has see-sawed over the past 12 months,amid lay-offs and valuation drops.
Australia’s largest software company has marked 1000 days of a geographically spread workforce,and says companies forcing their workers back to the office are making a mistake.
Australian tech billionaires Mike Cannon-Brookes and Scott Farquhar have taken a financial hit as their software company posts widening losses.
Mike Cannon-Brookes and Scott Farquhar’s Atlassian plans to fund the purchase of the company – which facilitates remote work – almost entirely from its existing cash reserves.
Marriage trouble makes them kindred spirits of sorts,but Mike Cannon-Brookes and Andrew Forrest are anything but friends.
The Australian technology company is billing the move as a “rebalancing” but the redundancies are a sharp change from its emphasis on rapid hiring.
The American rockers played at a private party hosted by the Atlassian co-founder,alongside local duo Bag Raiders.
Atlassian billionaire shrugs off tech sector woes to party with a select group of friends and one of the biggest acts on the planet.
The company’s earnings disappointed Wall Street,pushing its stock down 13 per cent in after-hours trade and hitting the wealth of its billionaire founders Mike Cannon-Brookes and Scott Farquhar.
From eastern suburbs mansions to a private island on the Great Barrier Reef,it’s hard to keep track of the real estate being bought by Scott Farquhar and Mike Cannon-Brookes.