Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Elastic.co lays off 13% of team

elastic.co

Post reply on HN
Print view View original

21–30 of 72 posts

Re: Elastic.co lays off 13% of team

#21

Post by bogomipz »

>"I didn't take this decision lightly. Since becoming CEO, I have had the opportunity to spend time with Elasticians around the globe."

One bizarre side-effect of these layoff announcements is learning all the cringe-worthy names these companies have for their employees. Elasticicans? Tweeps? Stripes? I'm guessing this is a SV thing? Do these infantilizing names actually do anything to build company culture?

Re: Elastic.co lays off 13% of team

#24

Post by sk55 »

manuelabeledo wrote: post #20

A 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.

In all fairness, there is more than just cost when choosing a provider. Elastic has had higher uptime than the AWS alternative. I had to switch off AWS Elasticsearch hosting because it kept going down.

Re: Elastic.co lays off 13% of team

#25

Post by bogomipz »

re9 wrote: post #13

Nice touch, with empathy and such. Blogpost saying we're firing our people along the ad "We're hiring"...

Indeed. It's up there with Andy Jassy's recent announcement about upcoming layoffs at Amazon that ends with "we should all be very optimistic about Amazon’s future. I know I am."

https://www.aboutamazon.com/news/company-news/a-note-from-ce...

Re: Elastic.co lays off 13% of team

#27

Post by renewiltord »

rrix2 wrote: post #10
bamboozled wrote: post #3

Would be so nice to stop seeing these articles?

yeah, it would be so nice if our industry hadn't over-hired for the last five years on the promise of everlasting ZIRP and trickle-down funding from adtech giants. alas, here we are.

Why would that be nice? Having over-hired and still doing just fine means that for the period that companies were over-provisioned they were disbursing profits to labour (workers) rather than capital (shareholders).

Re: Elastic.co lays off 13% of team

#28

Post by bigtunacan »

miduil wrote: post #5

If 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.

Given that Amazon is also laying off and the CEO recently stated that they expected additional staff reductions into next year it seems unlikely.

Re: Elastic.co lays off 13% of team

#29

Post by phamilton »

version_five wrote: post #16
TylerE wrote: post #2

This 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?

At Yahoo in 2016, layoffs were announced as "planned" in an earnings call and they happened department by department, always on Wednesdays. This was right around when Blind got popular (but before each post was just whining about TC) and so every Wednesday morning we'd all check Blind to see which teams got hit this week.
Post reply on HN