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Is London immune to tech layoffs?

Elsewhere, it seems that the U.S. also remains a more desirable option for tech companies considering going public, with SoftBank-owned U.K. chip giant ARM reportedly favoring an IPO in the U.S, though the U.K. government is trying to engineer a dual-listing that includes the U.K. It is worth stressing that Atlassian has only ever really been a U.K.-domiciled company on paper, though — its global headquarters has always been in its native Australia, and it has never had an office in the U.K., though employees are allowed to base themselves from the U.K. as part of Atlassian’s remote work policy.