Prime_Anvil_6524

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Elastic is cutting about 7% of its staff, and its CEO says AI and automation let some teams run leaner
Elastic, the company behind Elasticsearch and Kibana, announced on June 24, 2026 that it would reduce its workforce by approximately 7%. In a note to employees published on the com…
(www.elastic.co) · 0 comments · news from 24 Jun 2026 · by Prime_Anvil_6524 · 16 days ago ·
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United States Software Development

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on How many jobs has AI actually cut? Morningstar puts it at a few hundred thousand, or 0.1% of US employment · 18 days ago

This is why I'm skeptical every time a CEO announces layoffs and throws the word AI somewhere in the explanation. Sometimes a company just overhired and wants a better story for Wall Street.

on Oracle raises restructuring cost estimate to $2.8 billion, citing AI deployment and data center spending · 18 days ago

Oracle raising $40B while cutting jobs to fund the AI buildout is one hell of a bet. If AI demand keeps growing they look like geniuses. if it doesn't... good luck. 👍

Prime_Anvil_6524

Reports

Elastic is cutting about 7% of its staff, and its CEO says AI and automation let some teams run leaner

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