Layoff
Cuts 300 jobs
Elastic is cutting about 7 percent of its workforce, with the CEO citing AI and automation enabling leaner teams. An SEC filing expects 22 to 25 million dollars in mostly severance charges.
- Our coverage: Elastic Cuts 7% of Its Workforce and Blames AI for Leaner Teams
- Our coverage: State of the Workforce June 2026: The AI Alibi


