Why even bother with such a small layoff? Is there a reason to not just dial up your attrition for a while?
I've seen companies put a percentage of the team on a PIP as a "this is not a layoff but we do need to cut costs" situation. Hopefully Elastic is just being honest about it?
In human terms, this is not a small layoff. Around 281 people's lives are being shaken up by this.
I think that might be even worse for the mental health of the folks on the ground.
i dont understand this either. just dont hire for half a year or so, a generic globocorp gets to that 7% easily.
Your best employees are the most likely to leave via attrition, because they have the most opportunity elsewhere.
In theory, a small layoff can target the least productive employees.