Probably not a good image that Scott[1] and Mike[2] (via their respective trusts) have been quite busy liquidating 1,076,750 shares each into the public at a rate of 8,614 shares per trading day since the beginning of October last year...all the while laying off 5% of their workforce.
Something about leaders eating last comes to mind...
this is actually due to Rule 10b5-1 where execs can have a pre-planned schedule to have transactions get executed. this way they're not doing any insider trading since it's predefined months in advance. https://www.investopedia.com/terms/r/rule-10b5-1.asp
The different rules for the leaders are actually stricter. The average worker gets secrecy and they can sell all at once. The leadership needs to set up a public plan and commit to it.
Six months ago they announced plans to grow their headcount in India by 1500 before end-2024.
Their worldwide headcount growth since 2019 [0] does feel, in retrospect at least, untenable - year on year - 3600, 4900, 6400, 8800. Arguably this fits into the same 'correction' category as other big players in recent months.
Reading the potted history [1] of acquisitions / sell-offs is a trip down memory lane. It feels like even their big-name acquisitions are still not terribly well integrated -- and combined with their famous lack of a 'traditional sales team', it does invite some obvious, if churlish questions.
Some of their problems are tied to their severe tech debt, weak leadership, poor vision of the future, lack of understading of the present, all the while relying on 3rd parties to profit instead of them actually making a better product and providing (with 8k headcount) changes with any sort of velocity. oh and they killed off their main competitor in Trello; but sweet now my user is deleted an i have to use atlassian user now. :: sighs :: all this and we still have to pay premium to use it?
hope they give these employees a good exit, it's the leaderships own fault.
Plot twist: the layoffs are managed in Jira and the Jira admins spend so much time fiddling with Jira settings that they never get around to actually firing anyone.
“Boss, I clicked the notification that you changed the layoff list, but now that the notification is gone I have no way of finding it, can you add a space to the bottom so I get another notification?”
I’m playing with GitHub projects and while it’s actually showing crazy potential it has the problem of being an intrinsically developer-focused solution to a business problem.
Project management software isn’t about getting things done quite as much as it is about showing things getting done to the people who control the resources.
Jira is how you get managers to add headcount. That’s the reason managers adopt it. That and the fact that they don’t need to create an ssh key to use it.
Gitlab also has PjM aspirations but their enterprise, Gitlab-all-the-things model means it’s gonna be a non-starter for most teams.
"Ideally, you've used the same notification scheme for all projects and can just go in and find the notification to take yourself out of. If not, you'll have to check every notification scheme."
I see all the people here talking about JIRA or/and Bitbucket server. However Confulence is not mentioned that much.
I think the hardest product to replace is Confluence, especially on-prem, when you need your data inside your firewall.
There are many bad things in Confluence:
1. search is completely broken since several versions
2. the editor is not very good
3. it's just too slow
Hoever, there is 1 very good feature, but badly implemented. The ability to add complex objects, like JIRA ticket lists, Children pages, HTML embeds and other dynamic stuff. This helps a lot with building good dynamic pages fast. All the other tools are only
I've been searching high and low for a replacement and still haven't found one.
Also Atlassian got so greedy that they've removed on-prem cheap plans. I really hope someone builds a better Confluence with dynamic objects inside.
And if someone already did that on-premise I'll be really grateful for a hint.
mate, on-prem is dead. it's not just atlassian, it's most software that can be run as saas. when people run on-prem they get hacked, for failing to patch or doing something equally ignorant, which ironically makes atlassian look bad. plus they would have to maintain 2 versions of the software, the saas version and the on-prem. just not worth it. better in invest in making their cloud better (get FedRAMP, etc)
On prem is definitely not dead. I know a few angry Atlassian customers that are now forced to shelling out 50k a year so they can continue to use jira on prem because it is still cheaper than migrating to an alternative. Not every one can dump their data into some cloud that is located somewhere in the void.
Most of the time these are behind a firewall so bugs are not that dangerous. Also most of the companies that choose on-prem have their own sysadmins and are more capable to protect themselves.
On-prem requirements can be legal, but also it's a bad practice to leave core business processes and data outside of your control. What if the vendor decides to raise the prices (like Atlassian did) or to discontinue the product altogether?
The stability of the company can be hindered by a "management decision" outside of your control. That's why I think on-prem wouldn't be dead, even for smaller companies.
> search is completely broken since several versions
The terrible secret of Confluence search is that it defaults to OR between terms (which I think is a Lucene default that it inherited, even if it doesn't use Lucene anymore).
Once I started remembering to add AND between my search terms my searches became much more relevant. It's silly that I have to, of course, but I'm glad to get better search results.
Readit News
Something about leaders eating last comes to mind...
[1] https://www.sec.gov/edgar/browse/?CIK=0001666121
[2] https://www.sec.gov/edgar/browse/?CIK=0001666120
Their worldwide headcount growth since 2019 [0] does feel, in retrospect at least, untenable - year on year - 3600, 4900, 6400, 8800. Arguably this fits into the same 'correction' category as other big players in recent months.
Reading the potted history [1] of acquisitions / sell-offs is a trip down memory lane. It feels like even their big-name acquisitions are still not terribly well integrated -- and combined with their famous lack of a 'traditional sales team', it does invite some obvious, if churlish questions.
[0] https://www.statista.com/statistics/1276817/atlassian-number...
[1] https://en.wikipedia.org/wiki/Atlassian#Acquisitions_and_pro...
I know a lot of people moving away from Atlassian because of performance issue. Not sure how this will reverse the trend.
Their developer offering at bitbucket is also more expensive and lacks critical features which are supported by the competition.
The market is bound to react somehow.
On the other hand vendor lock in is a powerful tool for atlassian.
hope they give these employees a good exit, it's the leaderships own fault.
Project management software isn’t about getting things done quite as much as it is about showing things getting done to the people who control the resources.
Jira is how you get managers to add headcount. That’s the reason managers adopt it. That and the fact that they don’t need to create an ssh key to use it.
Gitlab also has PjM aspirations but their enterprise, Gitlab-all-the-things model means it’s gonna be a non-starter for most teams.
sadface
So much that you could build a totally new product around it :P
"Ideally, you've used the same notification scheme for all projects and can just go in and find the notification to take yourself out of. If not, you'll have to check every notification scheme."
shivers with fear
If I would be a CTO, their products would be on the list.
I think the hardest product to replace is Confluence, especially on-prem, when you need your data inside your firewall.
There are many bad things in Confluence: 1. search is completely broken since several versions 2. the editor is not very good 3. it's just too slow
Hoever, there is 1 very good feature, but badly implemented. The ability to add complex objects, like JIRA ticket lists, Children pages, HTML embeds and other dynamic stuff. This helps a lot with building good dynamic pages fast. All the other tools are only
I've been searching high and low for a replacement and still haven't found one.
Also Atlassian got so greedy that they've removed on-prem cheap plans. I really hope someone builds a better Confluence with dynamic objects inside.
And if someone already did that on-premise I'll be really grateful for a hint.
On-prem requirements can be legal, but also it's a bad practice to leave core business processes and data outside of your control. What if the vendor decides to raise the prices (like Atlassian did) or to discontinue the product altogether?
The stability of the company can be hindered by a "management decision" outside of your control. That's why I think on-prem wouldn't be dead, even for smaller companies.
The terrible secret of Confluence search is that it defaults to OR between terms (which I think is a Lucene default that it inherited, even if it doesn't use Lucene anymore).
Once I started remembering to add AND between my search terms my searches became much more relevant. It's silly that I have to, of course, but I'm glad to get better search results.