26 June 2026

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 automation is enabling leaner teams as engineering is split into three core areas

Posted from: this blog via Microsoft Power Automate.

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