Mike Cannon-Brookes

Australia-based software company Atlassian, known for making tools like Jira, Confluence and Trello, has announced to lay off 5 per cent of its workforce, or about 500 employees.Atlassian co-founders and co-CEOs Mike Cannon-Brookes and Scott Farquhar in a note on Monday announced that this move shouldn't be seen as a reflection of the company's financial performance.Rather, the co-founders presented this decision as a "rebalancing" that will allow the company to focus on areas where it is growing."We've made hard calls to…

SYDNEY—A tech billionaire brought down plans by Australia’s biggest polluter to spin off its coal-fired power plants into a new company, handing a big win to environmental activists who want a faster shift toward cleaner energy. Mike Cannon-Brookes, the Australian co-founder of Nasdaq-listed Atlassian Corp. , first tried to buy AGL Energy Ltd. AGL -1.69% in February after joining with Canada’s…