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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)

Techmeme 25 June 2026 7h ago
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)
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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
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