March 11 (Reuters) - Software provider Atlassian ( TEAM )

said on Wednesday it would lay off around 10% of its

workforce, or roughly 1,600positions, as part of a restructuring

plan to push into artificial intelligence and enterprise sales.

Shares of the company rose more than 4% in extended trading.

The company said it expects to incur total pre-tax charges

between $225 million and $236 million related to the layoffs and

office space reductions.

The move comes as the company seeks to "rebalance" its

resources to focus on the "future of teamwork in the AI era,"

according to a regulatory filing.