Elastic cuts 7% of workforce as CEO cites AI-driven industry changes
By
ByAshutosh KulkarniJune 24, 2026
Summary
Elastic CEO Ash Kulkarni announced a workforce reduction of approximately 7%, citing industry changes driven by AI, automation, and evolving customer expectations as the rationale. The memo explains the organizational shift and acknowledges the contributions of affected employees.
Source
Hacker NewsElastic cuts 7% of workforce as CEO cites AI-driven industry changeselastic.coKey quotes
· 4 pulledToday, we announced an organizational change at Elastic, including a reduction of approximately 7% of our workforce.
These decisions are never easy because they affect people who have contributed meaningfully to our company.
The industry is changing. Advances in AI, automation, and technology are reshaping how work gets done, and we're changing with them.
Customer expectations are increasing and evolving faster than ever before, and this requires us to move faster
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