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Atlassian staff bonus shake-up as share price dives · The Front

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  Speaker 1: Today's biggest news from The Australian. I'm christ naming it
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  Speaker 1: with the front's afternoon headlines. Bonuses paid to at Lassian
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  Speaker 1: employees will look a little different this year after the
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  Speaker 1: tech giant's share price dived. They'll be paid a mix
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  Speaker 1: of cash and shares instead of a so called equity
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  Speaker 1: refresh grant. That's stock or options given to employees after
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  Speaker 1: their initial hiring bonus has vested, meaning they have a
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  Speaker 1: greater stake in their employer's long term success. It's also
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  Speaker 1: a way of building staff loyalty and keeping good employees
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  Speaker 1: on the books for longer. Stocks in the company, founded
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  Speaker 1: by Australians Mike cannon Brooks and Scott Farquha, are worth
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  Speaker 1: about half what they were a year ago. As the
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  Speaker 1: market reacts to the rise of artificial intelligence tools, investors
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  Speaker 1: are worried platforms like chat, GPT and Claude will send
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  Speaker 1: at Lassian's flagship software products the way of the Dodo
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  Speaker 1: and at Lassian spokesperson said the change to how staff
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  Speaker 1: bones are paid brings the company into line with the
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  Speaker 1: rest of the industry, with the new fifty to fifty
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  Speaker 1: bonus structure to be performance based and they said staff,
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  Speaker 1: base salaries, equity awards and annual cash bonuses are unaffected
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  Speaker 1: by the change. It follows mass layoffs at the Tech
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  Speaker 1: Giant in March, when sixteen hundred staff were sacked. CEO
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  Speaker 1: Mike cannon Brooks cited AI as the primary driver of
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  Speaker 1: that decision. Two international bidders are reportedly prepared to pay
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  Speaker 1: as much as one hundred and sixty million dollars for
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  Speaker 1: a slice of the Melbourne Storm rugby League club. The
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  Speaker 1: club's bosses are reportedly exploring offers from investors keen to
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  Speaker 1: capitalize on the NRL's historic five point three billion dollar
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  Speaker 1: TV broadcast deal inked last week. If the sale comes off,
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  Speaker 1: it would put the Storm's value at two hundred million
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  Speaker 1: dollars and make it one of the most powerful brands
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  Speaker 1: in Australian sport, but chairman Matt Tripp said it won't
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  Speaker 1: be a complete sell off and stressed he's staying put
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  Speaker 1: even if the club's shareholder mixed changes beleagued. Radio station
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  Speaker 1: KISSFM is still losing listeners almost four months after its
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  Speaker 1: parent company ARN tore up the multimillion dollar contracts of
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  Speaker 1: longtime breakfast radio hosts Kyle Sandalans and Jackie O Henderson.
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  Speaker 1: That's according to the latest radio ratings, which show kissfm's
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  Speaker 1: share of the lucrative breakfast slot is down more than
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  Speaker 1: five and a half percent since Sandalans and Henderson were
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  Speaker 1: last on air. Last month. Sandalans settled a wrongful termination
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  Speaker 1: claim made against ARN for a little over twelve million dollars,
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  Speaker 1: while Henderson is pursuing her own wrongful termination case in court.
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  Speaker 1: Check out those stories live right now at the Australian
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  Speaker 1: dot Com dot a U and come back to the
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  Speaker 1: front first thing in the morning for our look at
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  Speaker 1: the pointy end of the twenty twenty six FIFA World
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  Speaker 1: Cup competition. That's right here, Wednesday morning.