CEO Ash Kulkarni's email to Elastic employees

Elastic CEO Ash Kulkarni announced a 13% reduction in the workforce, citing global macroeconomic challenges that have led customers, particularly small and medium businesses, to tighten budgets. Despite the difficult decision, the company aims to focus on key business areas, enhance operational efficiency, and support its remaining employees and customers. Departing employees will receive severance packages, healthcare benefits, and career support. The company is also optimizing costs in other areas, such as real estate, to navigate the current business environment and strengthen its future position. Kulkarni remains confident in Elastic's strategy to deliver superior cloud experiences and drive profitable growth, while expressing empathy towards those impacted by the layoffs.