Hiring rebounds — but cuts continue
Software‑engineering job postings are up 11% year‑over‑year, signaling a Bay Area hiring rebound — yet legacy firms are still reshaping headcount, with Atlassian cutting over 1,600 roles as part of an “AI‑first” reorg reported reported.
Citadel Securitiesbenzinga.com published an analysis drawing on Indeed job-posting data in a Benzinga piece dated March 13, 2026, linking recent hiring shifts to AI infrastructure buildout and related capital flows. Dice's February 2026 jobs report recorded a 12% month‑over‑month increase in tech postings for January, signaling renewed hiring momentum early in 2026. dice.com Atlassian founder and co‑CEO Mike Cannon‑Brookes announced the companywide restructuring in a March 11, 2026 staff memo that also confirmed the departure of the chief technology officer, according to Bloomberg. bloomberg.com The company said the reorganization will produce roughly $225–$236 million in charges and should be largely completed by the end of June, per its SEC filing reported by CNBC, which also noted Atlassian’s Rovo AI offering reached about 5 million monthly users in February. cnbc.com
