Elastic Layoffs (13%)
Capital Market Laboratories
When I read the title I thought this was a new technology for doing layoffs
Lmao, vs rigid layoffs they’ve been doing
Me too, thought it's a more flexible mechanism
I like elastic, but their forceful migrations and breaking changes are annoying.
I love elastic too, but this has been their way since the beginning. I'm a ride or die for the stack, but they make it easy to be a love that you hate.
Sigh
“Expects Implementation of Workforce Reductions, Facilities Cost Optimization Will Be Substantially Completed by End of Q1 of Fiscal 2024.” When it says something like that, does that mean they plan to lay more off than just the initial 13%?
PERM people are stuck till 2024? Wow
Literally they told me last week, no layoffs on the way due to a responsible hiring practice 😒
Another lesson to never listen to the bullshit HRs/EMs tell you
I remember hearing the same thing. Unexpectedly got laid off and locked out today. Were you also impacted?
Usually the first question is: only sales marketing hr are impacted right?
Do they have RSU vesting cliff of 1 yr?
3 month cliff quarterly vest
Just got off a call, they said they’ll layoff 12% and my team won’t be affected so my offer won’t be rescinded. Just had a mini heart attack.
Employees can't get a break