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Elastic.co lays off 13% of team
41–50 of 72 posts
Re: Elastic.co lays off 13% of team
#42Earlier quoted context omitted.
Yeah it’s amazing how much potential that company had and then blew it with a series of questionable business decisions. They had a ton of really quality talent too but much of it has moved on the last few years. Pretty much everything MongoDB did right, Elastic did the opposite and failed. Instead of being the best place to run Elasticsearch, one of the most popular open source projects ever, they blew all that bran…
Where can I read about this? I’m not familiar with their history.
Just look at their awful website. What do they sell? They want me to buy an Algolia competitor or something?
You wouldn’t even know they are the Elasticsearch company.
Go to Mongo - immediately shows me a value proposition of building software with MongoDB in their cloud.
The exec leadership at Elastic is very low quality.
Re: Elastic.co lays off 13% of team
#43Earlier quoted context omitted.
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.
The really hilarious thing is no matter how far down Yahoo continues to sink they will always have at least my dad and those who refuse to use anything other than Yahoo Finance in the foreseeable future to keep them somewhat afloat. Edit: for the record this is not a slant against those who use Yahoo Finance. Even back when I used it in high school it was good.
Yahoo Finance is like their 1 really good product.
Re: Elastic.co lays off 13% of team
#44Earlier quoted context omitted.
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.
I left Yahoo in 2011, I remember layoffs being dysfunctional, but it seems like they really leant into it. My favorite was when they announced layoffs in November, and couldn't figure out who to lay off until after the deadline for finalizing the company holiday party, so I got to see some of my colleagues who had been laid off for a couple weeks at the party.
Re: Elastic.co lays off 13% of team
#45Earlier quoted context omitted.
Given that Amazon is also laying off and the CEO recently stated that they expected additional staff reductions into next year it seems unlikely.
It's unlikely that AWS is having layoffs, considering they are the only division that actually makes money at Amazon.
Allegedly AWS will have higher than normal URA targets for 2023. Welcome to the Thunderdome: A two-pizza team enters, a one-pizza team leaves.
Re: Elastic.co lays off 13% of team
#46>"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?
Did it start with Googlers? Or maybe Teamsters?
> Did it start with Googlers?
What has Google really done that wasn't first done by the Yahoo!s at Yahoo!?
Re: Elastic.co lays off 13% of team
#47Well, companies are doing it to avoid a PR disaster. It's a business move. The big players took the hit from the public (fb, amazon, etc...), then we do it and the public can blame it on the current climate. Let's not forget the Feds literally saying businesses have to ramp up firings to slow down inflation on one side and the current government on the other side is trying to tell the public they are creating more jobs.
The cynic in me is telling me this is all planned by big tech and government. Heck, Zuckerberg waited to fire his staff a day after the midterms were done. This is no coincidence.
Re: Elastic.co lays off 13% of team
#48Earlier quoted context omitted.
The really hilarious thing is no matter how far down Yahoo continues to sink they will always have at least my dad and those who refuse to use anything other than Yahoo Finance in the foreseeable future to keep them somewhat afloat. Edit: for the record this is not a slant against those who use Yahoo Finance. Even back when I used it in high school it was good.
Yahoo finance is a good product. I use it and keep looking for replacements in case something good pops up, but it’s good for now.
Made a slight edit, did not mean to imply it was a bad service in any way.
Re: Elastic.co lays off 13% of team
#49Earlier quoted context omitted.
It's unlikely that AWS is having layoffs, considering they are the only division that actually makes money at Amazon.
Allegedly AWS will have higher than normal URA targets for 2023. Welcome to the Thunderdome: A two-pizza team enters, a one-pizza team leaves.
That's unsurprising since they have had layoffs and been upfront that there is more to come. Unlike layoffs that make the news, allowing/encouraging "natural attrition" allows companies to fly largely under the radar.
Re: Elastic.co lays off 13% of team
#50How many heads does it come up to?