Elastic stretches workforce 7% thinner as AI does more of the heavy lifting (opens original article in a new tab)

Elastic is reducing its workforce by approximately 7% as AI and automation allow for more efficient operations, while planning to grow customer-facing teams.

• Elastic announced a 7% workforce reduction as AI and automation enable leaner teams.
• Engineering will be split into three core areas led by senior leaders.
• Revenue increased 16% year-over-year to $451 million in Q4 FY 2026.