Topics regarding layoffs at NetApp

Topics regarding layoffs at NetApp

3/1 Makes Sense

Q4 end is 4/30. 4/30 - 3/1 = 61 days. If they send out the notices on 3/1, this would give everyone full benefits (not just partial month), provide 60 days of termination notice before Q4 end, and also would fall within what GK promised the market on... — read more 

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| 1770 views | | 6 replies (last February 28, 2016)
Post ID: @OP+G1WiRAh

About three weeks ago

About three weeks ago, a recruiter told me that "at least a 10% layoff" would be announced on the same day they reported earnings. I have no idea how he knew that, but he was spot on.

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| 791 views | | 1 reply (February 18, 2016)
Post ID: @OP+G0UDF3c

Nutanix

Nutanix has been poaching from West Coast sales. They pay each employee $7,500 per placement.

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| 1510 views | | 2 replies (last February 29, 2016)
Post ID: @OP+G0wvUZ2

Good luck with layoffs

I am sorry that you have to go through another round of job cuts - I am not with NetApp any more but I was a contractor there a few years back and I truly liked the team overall. I had a chance to convert to FT, but I always felt that the product was... — read more 

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| 1400 views | | 2 replies (last February 18, 2016)
Post ID: @OP+G0NeASq

Sure, Layoffs, but what can you expect?

Too many bosses, redundant layers of management, decision making paralysis - what can you expect? Layoffs will continue forever here, really I do not see any bright future and will be moving on on my own... Good times are over, you can save that free... — read more 

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| 1491 views | | 5 replies (last February 26, 2016)
Post ID: @OP+G03LhHq

So the layoffs at NetApp begin

On February 17, 2016, NetApp, Inc. (the "Company") committed to a restructuring and reduction in workforce to streamline its core business and reduce operating expenses. In connection with these actions, the Company expects to reduce its worldwide... — read more 

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| 1130 views | | 1 reply (February 18, 2016)
Post ID: @OP+G0qe023

Feb 2016 layoffs

12% of workforce, charge of $60m-$70m. Most done in fiscal Q4 (Feb-Apr) https://www.sec.gov/Archives/edgar/data/1002047/000110262416002144/netapp8k.htm

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| 1660 views | | 4 replies (last February 18, 2016)
Post ID: @OP+FZi1pbV

A "Transformation" Exercise

Management is going through what is being called a "transformation" exercise. Should be completed by end of February. Expect to see big changes in sales (different ways to experience sales and support depending on how much you're willing to spend)... — read more 

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| 1380 views | | 2 replies (last February 18, 2016)
Post ID: @OP+FX5TfGn

Network Appliance / 2016 Job Cuts Due to Technology Shift (Customer Switching to Cloud, Legacy Skills Demand Drop)

2016 Layoffs Predictions - Global Equities Research, Trip Chowdhry Network Appliance: Global Employee Count: Layoffs: 12,800: ~15% layoffs= ~1,800 workers to be laid off Oracle: Global Employee Count 132,000: Layoffs: ~20% layoffs = ~26,000 workers... — read more 

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| 2610 views | | 2 replies (last February 17, 2016)
Post ID: @OP+FFW9gVo

500 Laid off - 2015

Ouch. 500+ let go today at NetApp. 3rd time in 2 years. Will that fix what is wrong with NetApp?

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| 863 views | | 1 reply (May 20, 2015)
Post ID: @OP+BAZwnGQ

2014 Layoffs at Netapp

I think almost 1000 were let go, given our relatively big size (12K+ employees) this is not an earth-shuttering cut, but it was felt throughout the organization as each of us knew at least one person who got cut. Now, 2015 will be even more... — read more 

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| 1240 views | | 9 replies (last October 9, 2015)
Post ID: @OP+B8KUGdy

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