Atlassian's Strategic Pivot - Is This About AI or Just Cost-Cutting?

So, the official line from Atlassian seems to be this big pivot towards 'AI capabilities,' which is the stated reason for the recent layoffs. I've seen a few articles mentioning it. But let's be real, how much of this is genuinely about embracing new tech and how much is just a convenient excuse to cut headcount? It feels like every company is using 'AI' as the buzzword for why they're letting people go. It's hard to discern the truth from the corporate speak. I was in a team that worked closely with [mention a related product like 'Jira' or 'Confluence'], and while our specific projects weren't directly targeted, the overall vibe has shifted dramatically. There's a lot of uncertainty about which areas are truly 'safe' or prioritized moving forward. Does anyone have insights into how this 'pivot' is actually affecting product roadmaps or team structures beyond the layoffs themselves? Or is this just the new normal for large tech companies trying to optimize their bottom line?