Elastic restructures workforce and leadership with modest one-time charges.
Elastic is trimming about 7% of its workforce while still expecting overall headcount growth year over year. The company targets simpler structures and faster decision-making, aligning more resources to growth areas tied to AI and customer-facing functions.
There's a few other articles that mention it but they seem to be summaries of glassdoor.
Reduction in force? [1]
Elastic restructures workforce and leadership with modest one-time charges.
Elastic is trimming about 7% of its workforce while still expecting overall headcount growth year over year. The company targets simpler structures and faster decision-making, aligning more resources to growth areas tied to AI and customer-facing functions.
There's a few other articles that mention it but they seem to be summaries of glassdoor.
[1] - https://www.stocktitan.net/sec-filings/ESTC/8-k-elastic-n-v-...
Thanks… sounds about right
https://www.elastic.co/blog/ceo-ash-kulkarni-announcement-to...