AI was meant to replace software developers. It's creating more instead.
Atlassian shares surged 35% Friday as AI drives revenue growth and expands software developer roles.AI is expanding tech roles, boosting demand for Atlassian's Jira and Confluence.Atlassian sees non-developers using its tools, showing AI's role in more people creating software.One of the biggest fears about AI was that it would kill tech jobs and shrink the software industry.The logic seemed straightforward. If AI made developers much more productive, tech companies would need fewer of them.
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Atlassian shares surged 35% Friday as AI drives revenue growth and expands software developer roles.AI is expanding tech roles, boosting demand for Atlassian's Jira and Confluence.Atlassian sees non-developers using its tools, showing AI's role in more people creating software.One of the biggest fears about AI was that it would kill tech jobs and shrink the software industry.The logic seemed straightforward. If AI made developers much more productive, tech companies would need fewer of them. That would mean fewer software subscriptions, known as "seats," because each worker typically has their own account.Investors also worried that AI coding tools would enable companies to build more of their own software rather than buy it from established vendors.The software giant Atlassian sat right in the way of these buzzsaws because it sells tools that help teams organize work, collaborate, and build software. That drove the stock down more than 50% in the first few months of 2026.Now, the picture looks very different.Atlassian shares jumped 35% on Friday after the company reported surging revenue, helped by growth in seats for its main Jira and Confluence products.That suggests that AI is creating more roles for software developers, rather than killing tech jobs."There's going to be more developers in the world in five years' time than there are today," Atlassian CEO and cofounder Mike Cannon-Brookes said after the results.
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- What's the story?
- Atlassian shares surged 35% Friday as AI drives revenue growth and expands software developer roles.AI is expanding tech roles, boosting demand for Atlassian's Jira and Confluence.Atlassian sees non-developers using its tools, showing AI's role in more people creating software.One of the biggest fears about AI was that it would kill tech jobs and shrink the software industry.The logic seemed straightforward. If AI made developers much more productive, tech companies would need fewer of them.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 12m ago.
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AI was meant to replace software developers. It's creating more instead.
Sources1TypeCoverageBusiness Insider