Atlassian - What's the real story behind the cuts?

Seeing the news about Atlassian's latest layoffs, and honestly, I'm not entirely surprised but still feel for everyone affected. The official line is always about 'strategic pivots' or 'efficiency gains.' The AI angle is being pushed hard, but it feels like a convenient narrative. Having been through a couple of these before, it often boils down to a mix of things: maybe the business didn't grow as expected in certain areas, perhaps some bets didn't pan out, or maybe there's just a general economic slowdown that's hitting tech harder than we like to admit. I've seen companies use 'AI' as a buzzword to restructure and cut roles that were perhaps deemed less critical for the *next* phase, even if they were valuable before. It's a tough pill to swallow for those directly impacted. Does anyone have any insights from the inside? Is it truly a massive shift in strategy, or is this just the latest iteration of 'doing more with less' and managing investor expectations? Curious to hear perspectives from current or former employees.