Industry
Elastic announces a ~7% reduction in its workforce, and says 'advances in AI and automation are letting us operate with leaner teams'; ESTC closed down 8.70% (Richard Speed/The Register)
Richard Speed / The Register: Elastic announces a ~7% reduction in its workforce, and says “advances in AI and automation are letting us operate with leaner teams”; ESTC closed down 8.70% — CEO says a
Richard Speed / The Register: Elastic announces a ~7% reduction in its workforce, and says “advances in AI and automation are letting us operate with leaner teams”; ESTC closed down 8.70% — CEO says automation is enabling leaner teams as engineering is split into three core areas
Source: Techmeme | 2026-06-25