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Atlassian blames AI for sacking 1600 staff · The Front

• 0:02
  Speaker 1: Today's biggest news from The Australian. Unclaire Harvey with the
• 0:05
  Speaker 1: Front's afternoon headlines, Fuel relief is coming for the Bush.
• 0:10
  Speaker 1: Energy Minister Chris Bowen says fuel quality standards will be
• 0:13
  Speaker 1: temporarily lowered to get more fuel into the market quickly. Basically,
• 0:18
  Speaker 1: it means more sulfur will be allowed. Sulfur is a
• 0:21
  Speaker 1: natural part of crude oil, which, when burnt in engines,
• 0:25
  Speaker 1: causes air pollution and can lead to acid rain. Most
• 0:29
  Speaker 1: of it is refined out of the diesel and petrol
• 0:31
  Speaker 1: we buy it the pump. Until last year, Australia had
• 0:35
  Speaker 1: some of the world's dirtiest fuel for the labor Government,
• 0:38
  Speaker 1: led by Bowen, imposed a stringent improvement of standards that's
• 0:42
  Speaker 1: only been in effect for a few months, dramatically slashing
• 0:45
  Speaker 1: the sulfur limits on petrol and diesel. Now, Bowen says
• 0:49
  Speaker 1: relaxing those standards in the short term will prevent us
• 0:53
  Speaker 1: running out of fuel.
• 0:55
  Speaker 2: This will, as I said, enable that supply to be
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  Speaker 2: blended into the Australian existing supply and we'll see one
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  Speaker 2: hundred million liters extra of fuel each month for the
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  Speaker 2: two months for which I will have provided the relaxation.
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  Speaker 2: I have asked for and received an assurance from AMPOLE
• 1:12
  Speaker 2: that this extra supply will be prioritized for regional Australia
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  Speaker 2: and for the spot market to take pressure off those
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  Speaker 2: regional areas feeling such pressure. Such pressure, mister Speaker and
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  Speaker 2: I have received that.
• 1:26
  Speaker 1: The International Energy Agency has agreed to the biggest ever
• 1:29
  Speaker 1: release of public emergency stocks of oil and it sent
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  Speaker 1: oil prices up instead of down, as jittery markets interpret
• 1:38
  Speaker 1: the release as a sign the Iran war really is
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  Speaker 1: going to create an energy crisis. Sixteen hundred at Lassian
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  Speaker 1: employees are back on the job hunt after the Australian
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  Speaker 1: tech giant sacked ten percent of its workforce. About a
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  Speaker 1: third of those are based in Australia and they were
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  Speaker 1: told they've been let go via email. At Lassian founder
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  Speaker 1: Might canon Brooks is blaming rapid advancements in artificial intelligence.
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  Speaker 3: It's an incredibly hard decision, but I still believe that
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  Speaker 3: it's the right one. We're focused on moving faster, staying
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  Speaker 3: disciplined on costs, and proving that we can grow profitably
• 2:15
  Speaker 3: over the long term by staying responsive to the world
• 2:19
  Speaker 3: that we have to operate in.
• 2:21
  Speaker 1: The redundancies are expected to cost at Lassian as much
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  Speaker 1: as one hundred and seventy four million US dollars. You
• 2:28
  Speaker 1: can read the inside story of how at Lassian's massive
• 2:30
  Speaker 1: job cuts unfolded right now on the Australian dot com
• 2:34
  Speaker 1: dot AU. Intelligence agencies say they might not be able
• 2:39
  Speaker 1: to produce full evidence to the Antisemitism Royal Commission, and
• 2:42
  Speaker 1: some information has been redacted. That's as former spyboss Dennis
• 2:47
  Speaker 1: Richardson abruptly quit the investigation, saying he was surplus to requirements.
• 2:53
  Speaker 1: Check out those stories live right now at the Australian
• 2:56
  Speaker 1: dot Com dot a U and come back to the
• 2:59
  Speaker 1: front first thing in the morning for a peek behind
• 3:01
  Speaker 1: the scenes at one of The Australian's biggest ever podcast productions,
• 3:05
  Speaker 1: Seek to Death