Reminds me of November/December 2008 when absolutely everybody was laying off. I have a sudden urge to open ZeroHedge.com and buy some gold bullion.
Elastic.co lays off 13% of team
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Re: Elastic.co lays off 13% of team
#12It has stiff competition, but I’m certain that “Elastician” is the worst company demonym I’ve heard so far.
May I introduce you to “Metamate”
Re: Elastic.co lays off 13% of team
#13Nice touch, with empathy and such. Blogpost saying we're firing our people along the ad "We're hiring"...
Re: Elastic.co lays off 13% of team
#14Lots of great people there. Condolences to those impacted.
It's disappointing. Elastic had it. Unforced errors abound.
Re: Elastic.co lays off 13% of team
#15Would be so nice to stop seeing these articles?
It's interesting to think about how much these types of articles help lead to the panic of a recession that ends up making a recession happen.
We’ve been in a recession for two years. People just seem to have been pretending we aren’t.
Not even totally COVID or Russia’s fault either… stock prices really bubbled since 2008, with many companies trading well above a level that there is any rational justification for.
Re: Elastic.co lays off 13% of team
#16This seems really tone deaf: “ As hard as this is for all of us, our future is bright. I look forward to working with you to propel Elastic into that future as we make Elastic a generational brand”, especially since he earlier says those being laid off may not even know that for up to 24 hours.
I've had this happen somewhere I worked: "ceo: well be laying off a big portion of the company, you'll find out who tomorrow". I don't know the right way to do this, but I know this is the wrong way. What possible good does this achieve?
Re: Elastic.co lays off 13% of team
#17If you scroll down to the very bottom there is a big "we are hiring" icon. I wish everyone who was laid off all the best. I wonder if Amazon with it's elastic fork will try to acquire some of the talent.
You don't need to scroll down at all, at least on desktop.
It's right there at the top, very prominently.
Re: Elastic.co lays off 13% of team
#18Would be so nice to stop seeing these articles?
It's interesting to think about how much these types of articles help lead to the panic of a recession that ends up making a recession happen.
Yes, it is meant to cause panic in general population but with a purpose of them putting pressure on politician s which in turn put pressure on central banks to tone down the rate increases.
Re: Elastic.co lays off 13% of team
#19Earlier quoted context omitted.
It's interesting to think about how much these types of articles help lead to the panic of a recession that ends up making a recession happen.
We’ve been in a recession for two years. People just seem to have been pretending we aren’t. Not even totally COVID or Russia’s fault either… stock prices really bubbled since 2008, with many companies trading well above a level that there is any rational justification for.
bear market is one thing recession means the economy is shrinking.
Re: Elastic.co lays off 13% of team
#20A couple years ago, I was evaluating moving our ES clusters to the cloud. I got quotes from both Elastic and AWS.
How much more Elastic wanted than AWS, didn't make sense, not even factoring support and hosting. It was like almost twice as much.
Morally, I get why I should have gone with Elastic. Too bad businesses aren't about morals.