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In The Media

It Hooked Me

by Larry Chiang on May 14, 2026

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Former Atlassian engineer Vasilios Syrakis, laid off in March 2026 after 8 years, released a 38-minute YouTube video detailing the company’s global web traffic system of 2,000 programs across 13 regions, offering it freely despite strong company performance.
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Atlassian reported record Q3 FY26 revenue of $1.79 billion (32% YoY growth, cloud up 29%), yet cut 10% of staff (~1,600 roles) to “self-fund AI investment,” coinciding with co-founders selling millions in shares and a $2.5B stock buyback program.
•  The post questions the AI redundancy narrative for layoffs, noting only a fraction of 2025 US job cuts cited AI, and aligns with views that such moves often fund AI capex amid unproven unit economics. ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

This tweet is a bit misleading, as is the video title.
It’s a technical video where the developer talks through, in great detail, the projects he worked on at Atlassian.
And it’s quite a scary watch.
I’ve often said that 20% of people do 100% of the work at most companies. Maybe that’s too dismissive, or too simplistic. But what’s hard to ignore is that the pool of talented software developers looking for work seems to be getting bigger and bigger.
Jensen keeps talking about radiologists, while others keep citing Jevons Paradox. I hope my instinct is wrong, but I’m not sure how this evens out over the next few years.
WordPress’d from my personal iPhone, 650-283-8008, number that Steve Jobs texted me on

https://www.YouTube.com/watch?v=ejeIz4EhoJ0

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