1,600 Job Cuts

• AI is rapidly changing workforce structures.
• Economic conditions are tightening.
• And many organisations are holding on to far more office space than they actually need.

AFTER ATLASSIAN, WHO WILL BE NEXT?

Because when headcounts change – office footprints inevitably change too

Technology companies typically move first in these cycles.

• Restructure leases
• Sublease underutilised space
• Upgrade to higher-quality workplaces
• Consolidate your footprint
• Strategically relocate.

Review your premises footprint

Review your premises footprint

When Atlassian announced it would cut around 1,600 roles globally, most people focused on the layoffs.

We see something bigger.

The $10M Question: Is Your Office Still the Right Size?

For many organisations, office space is the second-largest cost after people.

Yet the way we work has changed dramatically.

Hybrid work is here to stay.
Teams are more mobile.

And many businesses remain tied to leases designed for a workplace that no longer exists.

Across Australia and New Zealand, average office utilisation now sits between 40–60%, yet most leases were signed assuming full attendance.

The result?

Companies are often paying for significantly more space than they actually need, locking millions of dollars into unnecessary long-term exposure.

But this challenge is also creating opportunity.

Elevated vacancy across many CBD markets is giving occupiers more leverage than they have had in years.

Organisations taking a strategic approach are reducing costs through smarter solutions such as:

• Lease restructuring
• Portfolio consolidation
• Subleasing underutilised space
• Strategic relocation
• Upgrading to higher-quality workplaces with smaller, smarter footprints

The businesses achieving the strongest results are those that stop viewing property as simply a cost – and start using it as a strategic financial lever.

Because the real question isn’t simply:

How much space do we have?

Is our workplace helping our business perform – or quietly increasing our exposure?

At CR Commercial Property Group, we work independently alongside occupiers to identify opportunities, reduce unnecessary cost exposure, and optimise workplace strategy – always focused on improving your bottom line.