Elastic
“the Company is evolving its organization to better align its teams with working in an age of AI automation.”
SEC Form 8-K
Cut
- Score
- -1
- Dated
- Sector
- Enterprise Software
- Ticker
- ESTC
- Quote
- verbatim
Why “Cut”
Classification by the stated outcome, not by what analysts infer. Methodology
Roles affected: 281. Workforce share: ~7% of 4,019 (about 281 roles). Savings are stated as cost and headcount reductions; quote checked word for word against the primary source.
Source
Elastic N.V. Form 8-K (Item 2.05), filed June 24, 2026 (opens in a new tab)
https://www.sec.gov/Archives/edgar/data/1707753/000170775326000024/estc-20260618.htm
AI Layoffs Index register (open data, attributed) (opens in a new tab)
Also in Enterprise Software
- Oracle Cut
- IONOS Cut
- Zscaler Reinvest
- Remote Grow
- Cisco Reinvest
- Cloudflare Cut
- Palo Alto Networks Grow
- ServiceNow Grow
- Atlassian Reinvest
- Tecsys Reinvest
- Salesforce Cut
- IBM Reinvest
- Autodesk Reinvest
- Alphabet Grow
- SAP Reinvest