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Elastic lays off 7% of employees

elastic.co

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Re: Elastic lays off 7% of employees

#141

Post by matchbok3 »

bunderbunder wrote: post #76
para_parolu wrote: post #53

Earlier quoted context omitted.

This also a reason why starting a business in USA is usually better.

Perhaps, but one does have to wonder why the US favors making life easier for founders and venture capitalists over making life more livable for people who aren’t already rich. Like, a while back my employer had 10% layoffs, and their most profitable year ever, in the same year. There’s a real reason why that happened, ans the reason is that the C suite seriously fucked up on managing the company’s finances. In a san…

Would you rather they never hire those people? Because that is one option.

Re: Elastic lays off 7% of employees

#142

Post by ecshafer »

HatchedLake721 wrote: post #106
Matticus_Rex wrote: post #55

Earlier quoted context omitted.

I'm sure that level of overhead has nothing to do with the reason Belgian incomes, standards of living, and business outcomes are worse.

Reminded me of https://youtu.be/ML3qYHWRIZk

His little rant about "freedom" ended up aging poorly as most of the countries he lists as being more free have put serious limits on free speech since then. The most Soorkin screed he has written, might as well be John Galt's speech in Atlas Shrugged for how much its just the author inserting his political views.

Re: Elastic lays off 7% of employees

#143

Post by daft_pink »

I blame the hyperscalers not AI.

I think open source is important and fair use is important, but I’m skeptical of the business model of gutting open source by hosting it and reselling it wholesale with a few modifications.

Amazon, Google and Microsoft are getting rich just reselling hosted open source and actively competing with and gutting companies like Elastic.

Re: Elastic lays off 7% of employees

#144

Post by AngryData »

lcnPylGDnU4H9OF wrote: post #17
cyanydeez wrote: post #8

Earlier quoted context omitted.

which is why most corporations should be classified as sociopaths, at a minimum.

Well, sort of. That anthropomorphizes them and allows the sociopaths running the corporations to pawn the responsibility of their decisions to the corporation, which is actually a legal fiction that is incapable of independent thought or expression.

I c-suites were actually held responsible for the actions of the corporation I would agree, but I don't see that actually happening very wrong. It is so rare that when it does happen it will be in the news for months.

Re: Elastic lays off 7% of employees

#146

Post by cowsandmilk »

echelon wrote: post #129
limagnolia wrote: post #128

Earlier quoted context omitted.

Elastic isn't Open Source though, they abandoned Open Source. It seems to me like this is an example of non-Open Source whatever licensing causing job loss. Or just plain bad leadership.

They switched from open source when big tech stole their goodies. It was too late to stop it.

It’s been five years since they changed their license. Today’s layoffs cannot be blamed on AWS and GCP. It’s been years and they have differentiated products now.

Re: Elastic lays off 7% of employees

#147

Post by majormajor »

Grombobulous wrote: post #36
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.

The thing is, a profitable company that sees an obvious efficiency staring it in the face is still going to take that efficiency. I don’t think a lot of us employees will be happy to admit that AI is turning out to be a legitimate productivity aid that is allowing individuals to accomplish more work per person. We’d rather sit here and stew about companies “blaming AI for layoffs” but I imagine that is only sometimes…

> I don’t think a lot of us employees will be happy to admit that AI is turning out to be a legitimate productivity aid that is allowing individuals to accomplish more work per person.

Growth companies respond to efficiency by asking "what can we do now that we can get more done."

Stagnant companies say "how can we cut costs."

The math is pretty simple. If you expect that doing more will have positive ROI, you do more; if you think your position is about as strong as it can ever be, and don't have ideas for growing the space or your spot in it, you assume that more spend on new things would be negative ROI.

And if you're stagnant and there are prevailing narratives giving you an excuse to cut costs without scaring investors into thinking you've lost optimism, you jump on it even if you haven't even verified if the productivity gains are real for your employees.

Re: Elastic lays off 7% of employees

#149

Post by Grombobulous »

kanbankaren wrote: post #135
Grombobulous wrote: post #36

Earlier quoted context omitted.

The thing is, a profitable company that sees an obvious efficiency staring it in the face is still going to take that efficiency. I don’t think a lot of us employees will be happy to admit that AI is turning out to be a legitimate productivity aid that is allowing individuals to accomplish more work per person. We’d rather sit here and stew about companies “blaming AI for layoffs” but I imagine that is only sometimes…

> many parts of the Japanese system of hiring for life This is a terrible strategy. It encourages inefficiency to metastasize throughout the company. No wonder Japan is stuck in a rut since the 90s and its debt-to-GDP ratio is 205% which is one of the highest in the world. Your romantic idea of Japan would get destroyed by just browsing www.reddit.com/r/japanlife/ Japan has one of the worst work culture and low produ…

That’s why I said “many parts” and not “all.” I wouldn’t want to pick up a good number of their practices, but I think a company seeing layoffs as an embarrassing last resort is a positive trait.

I also think that concepts like debt to GDP ratio are somewhat detached from corporate policies.

Re: Elastic lays off 7% of employees

#150

Post by Grombobulous »

brianwawok wrote: post #102
Grombobulous wrote: post #36

Earlier quoted context omitted.

The thing is, a profitable company that sees an obvious efficiency staring it in the face is still going to take that efficiency. I don’t think a lot of us employees will be happy to admit that AI is turning out to be a legitimate productivity aid that is allowing individuals to accomplish more work per person. We’d rather sit here and stew about companies “blaming AI for layoffs” but I imagine that is only sometimes…

I’d love to hire for life, but what commitment can an employee give? It can’t be one sided or it’s terrible.

The level of commitment to employees from Japanese corporations is astoundingly high compared to ones in the US.

Not that I would romanticize them as a whole, as a lot of aspects of Japanese corporate work culture are not to be envied.

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