Elastic.co lays off 13% of team(elastic.co) |
Elastic.co lays off 13% of team(elastic.co) |
“ 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.
Nobody wants to be told they have been laid off by finding your name in a power point in the morning, just because you live in a different time zone. They have offices around the world, so it is difficult to inform everyone at the same time without calling someone in the middle of the night.
At the same time those who have been informed are talking to other employees, and news spread fast. So they end up with a compromise - inform the company about the process.
They are handling it better than what I experienced not long ago. After announcing the layoffs and informing the affected, they did not communicate who was affected until the week after. Colleagues who had a good network knew who were affected by talking to each other, while others were left in the dark
1: https://grafana.com/blog/2022/07/29/inside-grafana-labs-my-f...
Come join the Oracult
Snowflake ... well let's not go there.
Signed: a Brickster
Layoff expensive workers to hire cheaper ones.
It's right there at the top, very prominently.
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?
What has Google really done that wasn't first done by the Yahoo!s at Yahoo!?
Does no-one plan beyond the next quarter anymore?
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.
One thing is that the "mainstream" ELK develops at a much faster speed than the OpenSearch fork, and a lot of the nice features in new versions are nowhere to be seen in OpenSearch.
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.
It's disappointing. Elastic had it. Unforced errors abound.
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 brand equity on a series of mediocre solutions that were outcompeted.
One thing about Elastic is that their roots are in on-prem / self-managed software and selling support to enterprise customers. This led to our cloud strategy being based around ECE (Elastic Cloud Enterprise), with the idea we would eventually fully unify this on-prem version of our Cloud product with our actual SaaS, and just run ECE "at scale". During that time we got stuck in the slower Elasticsearch "quarterly minor + monthly patch" release cycle (SaaS did have a shorter one but it was also troubled) and spent countless engineering effort troubleshooting enterprise customer's own infrastructure (imagine stuff like "ohhh, I see, you V-Motioned a server hosting ZooKeeper containers, and you're running on spinning disks" after 2 weeks+ of back and forth). We couldn't easily add table-stakes features to our SaaS because we needed it to run on-prem too, even though ECE is very limited in the types of supporting infrastructure we could add (basically just ZooKeeper and Elasticsearch). I think they are trying to move past this strategy and onto a SaaS-only K8s based approach but I fear too much time was squandered. I hope I'm proven wrong.
https://www.aboutamazon.com/news/company-news/a-note-from-ce...
Not even totally COVID or Russia’s fault either… stock prices really bubbled since 2008, with many companies trading well above a level that there is any rational justification for.
Shareholders caught wind of that and are taking corrective action.
It's especially weird to me because if I was a casual user then I wouldn't even know Elastic had anything to do with Elasticsearch. You certainly wouldn't know it from their webpage. I literally see this at the top:
"Accelerate results that matter, across any cloud. Easily deploy anywhere, and extend the value of Elastic with cloud-native features."
What does this even mean? How is the marketing department not 100% of these layoffs, lol?! why is a so-called SaaS company talking to me about deploying to any cloud and what even is "Elastic" and just what problem is it solving?
This is so bad it's hilarious.
You have to scroll for awhile to even see the word "Elasticsearch" and I don't see anything about ELK anywhere.
What pathetic execution. You were smart to leave that place!
Fortunately, decision makes heard the voice from the field and customers, eventually offloaded the container orchestration layer (and underlying infrastructure) to managed k8s service provider, the solution is delivered as helm charts to be installed on customers' own managed k8s (EKS, AKS, GKE and OpenShift - oh, the Red Hat OpenShi(f)t is just another rabbit hole...). But again, lack of knowledge and hands-on skill operating / running k8s (not yet a commodity although it is hyped to be...) makes the journey quite turbulent from a business PoV (technically it's easy, built the skills in house, hire the right talents).
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.
When I interviewed there a couple years ago, was told by a leader they are trying to not just be "the Elasticsearch company". (Due to competition from AWS OpenSearch)
Had they executed their Elasticsearch cloud story would have been top notch and then they could put solutions behind it as additional upgrades. Instead they have a confusing story and aren’t a leader in anything they do.
Just a terribly sad outcome for a company that had everything going for them.
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.