* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, June 5, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

    California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

    Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

    Author Richard Russo Will Speak At Sandwich Town Hall – CapeNews.net

    Join Us for an Inspiring Evening with Author Richard Russo at Sandwich Town Hall!

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Salem’s Harborwalk Garden Cultivates Community with Entertainment, Food, and Events – 105.7 WROR

    Discover the Vibrant Community Spirit at Salem’s Harborwalk Garden: A Hub for Entertainment, Food, and Fun!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

    Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

    California Mid-State Fair announces entertainment lineups for Frontier and Mission stages – KSBY News

    Exciting Entertainment Lineup Unveiled for California Mid-State Fair’s Frontier and Mission Stages!

    Spotify & OpenAI: Will Gen AI ‘Hollow Out’ Entertainment? – Technology Magazine

    Will Generative AI Transform the Future of Entertainment

    Author Richard Russo Will Speak At Sandwich Town Hall – CapeNews.net

    Join Us for an Inspiring Evening with Author Richard Russo at Sandwich Town Hall!

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Salem’s Harborwalk Garden Cultivates Community with Entertainment, Food, and Events – 105.7 WROR

    Discover the Vibrant Community Spirit at Salem’s Harborwalk Garden: A Hub for Entertainment, Food, and Fun!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Domo to Participate in the D.A. Davidson Technology Summit – Business Wire

    Domo Set to Shine at the D.A. Davidson Technology Summit!

    When fiction becomes fact: 3 pieces of modern technology inspired by Star Trek – Redshirts Always Die

    From Screen to Reality: 3 Modern Technologies Inspired by Star Trek

    The Isfahan Center for Nuclear Technology – UCF, ZPP, and IRR10 – Alma Research and Education Center

    Exploring the Isfahan Center for Nuclear Technology: Innovations and Insights from UCF, ZPP, and IRR10

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Inside the tedious effort to tally AI’s energy appetite – MIT Technology Review

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Atlassian and Canva turn screws on staff and embrace tougher performance management to survive the downturn

July 5, 2023
in Business
Atlassian and Canva turn screws on staff and embrace tougher performance management to survive the downturn
Share on FacebookShare on Twitter

Three-quarters of its employees tended to be ranked as having had a “great year”, with about 20 per cent getting an “exceptional year” that could come with a promotion. Just 5 per cent of its more than 10,000 employees were effectively told to improve with an “off year” rating.

The new system, which is being rolled out to assess the financial year just passed, has less boosterish names reflecting Atlassian’s position as a much larger company that needs to make finer distinctions among staff. The Australian Financial Review has seen internal data with expected percentages of staff by ranking.

Canva in Sydney’s Surry Hills has been home to an envied culture, which is getting tougher as the market gets more bearish. Dominic Lorrimer

About 15 per cent of staff will be told they “greatly exceeded expectations” and 30 per cent will have “exceeded expectations”, putting more employees above average than the old system. Forty-five per cent will be ranked as having “met expectations”.

Twice as many people as before will be told they need to improve, with 6 per cent expected to be advised they “met most expectations” and 4 per cent facing a blunt “did not meet expectations”.

Those in the higher tiers will get substantially more financial rewards, people in the middle will get their full contracted bonus, and people on the lowest grade risk receiving no bonus or share grant for that year at all.

Fears for tiers

At Canva, meanwhile, senior executives have developed a five-tier performance ranking, whereby employees are put into categories titled Missing, Approaching, Thriving, Excelling or Redefining.

Those on the lower rungs are put into internal coaching programs over several months, tracked by management and then cut from the organisation if they are still considered to be underperformers.

Both companies face perhaps the toughest operating environment in their histories, and have seen their valuations plummet from their COVID-fuelled peaks.

They came to embody the tech industry cliché of perk-filled work life, and friendly internal cultures that can look almost cult-like to outsiders.

In a well-publicised war for scarce tech talent, they adorned their offices with rock climbing walls, offered free drinks and meals, and hosted frequent staff parties.

‘Uncharacteristic move’

“It’s a really uncharacteristic move by Atlassian,” said one employee of the changed employee appraisals.

“They haven’t done anything like this before. It’s been a very chill company, vibing out, playing as a team, [and] now it’s becoming similar to Facebook, Google, Microsoft.”

Staff members who requested anonymity because Atlassian doesn’t allow employees to talk publicly, said they were delighted by the change. They predicted it would stop highly paid colleagues from slacking off work early in the afternoon and encourage them to help Atlassian rival the truly massive US technology firms it competes against.

“The fact that people were doing two hours of work and socialising all day was a zero interest rate phenomenon,” said the employee, who noted there were many other hard-charging Atlassian workers.

Other Atlassian staff have been less impressed, using internal online noticeboards to express their fears that the company’s collaborative culture was at risk. It still has a separate reward scheme for helpful co-workers.

Under the changes, teams of more than 150 people at Atlassian will be expected to adhere to the ranking curve, though they can deviate if they have a good reason.

Atlassian’s global human resources boss Avani Prabhakar. 

Atlassian’s global human resources boss Avani Prabhakar linked the changes to the company’s growth.

“Moving to a more differentiated system not only means better rewarding a larger group of people for exceptional performance, but it further clarifies the high bar we hold at Atlassian for the important work we do for our customers,” Ms Prabhakar said.

Atlassian’s share price is up by about a third this calendar year to $US167, but is still down more than 60 per cent from its COVID-19 stimulus and lockdown-fuelled highs of late 2021.

It made about 5 per cent of its workforce redundant earlier this year, just months after a much-publicised hiring spree.

No longer thriving

At Canva, the situation is different, with the private company resisting the urge to make lay-offs and adding employees as the firm looks to expand in the United States.

However, staff members told The Financial Review the number of people being “performance managed-out” of the organisation has noticeably increased.

One Canva employee described the performance management process as being like a scene in the George Clooney movie Up in the Air, where corporate downsizers travel the country, sacking workers with cut-throat efficiency.

They said staff met with senior managers to discuss how they had fallen down the categories, with an HR representative then reading out the next steps from a script.

These steps would involve having their responsibilities changed and progress regularly monitored. Canva disputes this characterisation of its methods, particularly the use of a script, insisting that staff were only let go after regular feedback and support.

The number of people leaving through the performance management process has recently increased, but the firm had concurrently increased its headcount from 2700 to 3700 in the past year.

Performance management programs that regularly cut underperforming employees have become popular among Silicon Valley tech giants, borrowing HR practices like “stack ranking”, pioneered by General Electric CEO Jack Welch in the 1980s.

At Amazon, founder Jeff Bezos built an HR program that puts about 10 to 15 per cent of its employees every year through a “PIP” (performance improvement plan). Employees rarely survive the multi-month PIP process, meaning Amazon cuts about a tenth of its headcount annually.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Australian Financial Review – https://www.afr.com/technology/atlassian-and-canva-turn-screws-on-staff-to-survive-the-downturn-20230630-p5dkx0

Tags: AtlassianbusinessCanva
Previous Post

Liebherr’s 250-tonne mining excavator is a productive beast

Next Post

The CEO Who Isn’t in Charge of the Company

Pittsburgh Steelers’ training camp opens July 23 – altoonamirror.com

Get Ready for Action: Pittsburgh Steelers’ Training Camp Kicks Off on July 23!

June 5, 2025
The Ecology of Visitation – National Park Service (.gov)

Exploring the Impact of Visitor Interactions on Natural Ecosystems

June 5, 2025
Students play with science at Camp Invention at School of Innovation – News-Herald

Unleashing Creativity: Students Dive into Science at Camp Invention!

June 5, 2025
Are cold plunges good for you? Here’s what the science says. – The Washington Post

Unlocking the Benefits of Cold Plunges: What Science Reveals!

June 5, 2025
Casino magnate Alvin Chau’s wife Heidi Chan embraces Buddhist lifestyle after husband’s incarceration – VnExpress International

Casino magnate Alvin Chau’s wife Heidi Chan embraces Buddhist lifestyle after husband’s incarceration – VnExpress International

June 5, 2025
How each of the 32 teams qualified for the 2025 Club World Cup – The New York Times

Unveiling the Path: How All 32 Teams Earned Their Spot in the 2025 Club World Cup

June 5, 2025
Service side of the U.S. economy contracts for first time in almost a year due to trade fights – MarketWatch

U.S. Service Sector Shrinks for the First Time in Nearly a Year Amid Trade Tensions

June 5, 2025
‘Sinners,’ starring Michael B. Jordan, is now streaming on Prime Video – About Amazon

Experience the Thrills of ‘Sinners’ Starring Michael B. Jordan – Now Streaming on Prime Video!

June 5, 2025
Sutter Health investing $23 million in primary and behavioral care – Healthcare Finance News

Sutter Health investing $23 million in primary and behavioral care – Healthcare Finance News

June 5, 2025
Gov. Shapiro sues USDA over canceled $13M food purchasing program – LancasterOnline

Gov. Shapiro sues USDA over canceled $13M food purchasing program – LancasterOnline

June 5, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (667)
  • Economy (681)
  • Entertainment (21,587)
  • General (15,261)
  • Health (9,723)
  • Lifestyle (684)
  • News (22,149)
  • People (682)
  • Politics (690)
  • Science (15,901)
  • Sports (21,186)
  • Technology (15,667)
  • World (668)

Recent News

Pittsburgh Steelers’ training camp opens July 23 – altoonamirror.com

Get Ready for Action: Pittsburgh Steelers’ Training Camp Kicks Off on July 23!

June 5, 2025
The Ecology of Visitation – National Park Service (.gov)

Exploring the Impact of Visitor Interactions on Natural Ecosystems

June 5, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version