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Elastic lays off 7% of employees

elastic.co

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Re: Elastic lays off 7% of employees

#111

Post by collabs »

kelvinjps10 wrote: post #105
jimt1234 wrote: post #81

Earlier quoted context omitted.

I'm aware that HN frowns on "THIS", but...THIS!!! I don't know what the best solution for the current healthcare clusterfuck in the US is, but I think disassociating health insurance from employer/employment is a great first step.

Improving coverage and acceptance by plans in the marketplace would be a good start. Multiple healthcare providers only accept plans from an employer or the state, not individual plans bought in the marketplace. Crazy that in a pro-business country, if you have your own business or you're self-employed, you can't have access to healthcare

The goal should be a single payer health care system. I am not asking for like luxury spa five star treatment. However, there definitely should be a "free of cost at the point of service" option that does not have any means testing of any kind.

That should be the goal and once we have that, it will not matter if you are self employed or own a business. We keep doing half measures and pretend to be surprised when it doesn't work.

Re: Elastic lays off 7% of employees

#112

Post by phendrenad2 »

tracerbulletx wrote: post #22

Before the 1980s layoffs were seen as a massive failure of the company and almost never happened to tenured employees unless the company was collapsing. Before we are all made to think this is normal and unavoidable behavior.

The tech industry spawned a new type of Wall Street investor who thinks a stock is a high-interest savings account. There's no room for risk, you need to grow at exactly 3.141593% per quarter or you face the pitchforks-and-patagonia-vests threatening to take their money down the street to the next bank.

Re: Elastic lays off 7% of employees

#114

Post by [deleted] »

lovich wrote: post #107
cramer4next wrote: post #97

Earlier quoted context omitted.

[flagged]

https://en.wikipedia.org/wiki/Efforts_to_repeal_the_Affordab... > On November 2, 2017, a bill later known as the Tax Cuts and Jobs Act was introduced by Representative Kevin Brady of Texas. Included in the bill was the move to change the tax penalty for not having health insurance mandated by the Affordable Care Act to zero.[62][63] Economists said this would lower interest in obtaining health insurance coverage.[64]…

[deleted]

Re: Elastic lays off 7% of employees

#115

Post by echelon »

christophilus wrote: post #93
puszczyk wrote: post #2

Makes me sad to read it as an ex-Elastic employee. AI is used to justify the redundancies, and the company still expects to grow in this fiscal year. In the SEC filling the specifically mention more “head count” in “go-to-market” roles [1]. > a reduction of approximately 7% of our workforce > Advances in AI, automation, and technology are reshaping how work gets done, and we're changing with them. (…) That's what thi…

ex-Elastic here, too. It was a great place to work pre-IPO. It seems the culture has shifted a lot since the IPO, though.

Might've been better if AWS and GCP didn't steal your goodies and take so much meat off the bones.

Fair source > Open source.

Trillion dollar companies need to pay to play.

Open source removes your jobs, your exit equity, and transfers it to the hyperscalers. Sucks that it happened to you guys.

Re: Elastic lays off 7% of employees

#117

Post by tracerbulletx »

PowerElectronix wrote: post #62
vanrysss wrote: post #51

Earlier quoted context omitted.

I have a cousin in Belgium who was laid off following some restructuring and her severance was 52 weeks. Not out of the goodness of the company's hearts, but mandated by law since they gave no notice and she had accrued seniority. US labor laws are a joke in comparison.

And people wonder why there are zero companies in europe competing with american ones in the tech sector...

Tell that to ASML.

Re: Elastic lays off 7% of employees

#118

Post by Chu4eeno »

eli_gottlieb wrote: post #49
sandeepkd wrote: post #13

Earlier quoted context omitted.

Do not want to sound like as if I am taking their side but the reality is that all these decisions are mandated by some subset of investors in one way or another. These executives are replaceable, and they would be replaced if they do not toe the line. In other words these executives happen to choose a easy and beneficial path rather than standing up for the long term right thing for the company.

Ok so get rid of the investors then.

Just get Dodge v. Ford Motor Co reversed.

Re: Elastic lays off 7% of employees

#119

Post by heylook »

yamillove wrote: post #70
vanrysss wrote: post #51

Earlier quoted context omitted.

I have a cousin in Belgium who was laid off following some restructuring and her severance was 52 weeks. Not out of the goodness of the company's hearts, but mandated by law since they gave no notice and she had accrued seniority. US labor laws are a joke in comparison.

Now compare your cousin’s yearly salary in Belgium with the average salary of a US employee doing the same job.

Now you compare the all-in cost of living across salary, taxes, housing, healthcare, and everything else.

Re: Elastic lays off 7% of employees

#120

Post by heylook »

Avicebron wrote: post #30
tracerbulletx wrote: post #22

Before the 1980s layoffs were seen as a massive failure of the company and almost never happened to tenured employees unless the company was collapsing. Before we are all made to think this is normal and unavoidable behavior.

I don't know how the social contract between employees/employers gets rebuilt..feels like it needs to though

You tax the everloving hell out of the rich, so they can't just buy whatever policy or judiciary outcome they want or build mega "just in case, i promise uwu" bunkers.
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