Business · 2h ago
Elastic cuts 7% of workforce in restructuring
Elastic, the company behind Elasticsearch and Kibana, is laying off 7% of its employees. CEO Ash Kulkarni announced the cuts in a blog post, citing a need to refocus on core growth areas. The move affects about 200 workers based on the company's last reported headcount of 2,800.
Meridian48 take
Another tech layoff, but Elastic's focus on AI and search could make this a strategic trim rather than a sign of distress.
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