One or all of these have to happen. Kurians bonus RSUs will demand it. The only other ways out are bankruptcy or sell the company. In any case NetApp is done.
Tariffs will impact US because we don’t produce hardware here
Are any other client executives worried that tariffs will affect our hardware sales? I don’t believe any of our boxes are assembled or manufactured in USA.
1000 jobs per $1 stock declind
That is the metric. 8000 jobs will be sacrificed today to keep King Kurian rich.
Cesar selling shares before Q4
Cesar sold close to 20,000 shares on Friday and reduced his position. What does he know? 🤔💭 He only had two sales last calendar year. #OneTeam 👍
NetApp Career's Page Has Removed All US Openings
Could be an error, but it appears that all US-based job openings have been removed from the NetApp careers site.
All roads point to April
Organizational preparation is underway with cuts expected in April. Latest would be middle May.
Put in my notice this week
Not surprised this place is circling the drain - promotions go to the boss’s nephew while actual talent walks. If you’re waiting for a turnaround, don’t. The writing’s been on the wall for years.
Going out of busoness sale
Stock price is cratering and it won't be long before the cuts accelerate. I one heard Henri say he'd rather be a 5000 person company that owns 80 percent of the market rather than a 10000 person company that owns 20 percent. The company no longer... — read more
Prod re-org again
Why is there another product team re-org? The reasons given don’t make sense. Is it another prelude to layoffs?
Self assessment
Do you think your manager will provide you with a fair and honest assessment of your performance across 2024?
Layoffs coming before end of month
E and Object are being gutted.
My rsu 😡
This was suppose to be part of my compensation what am I going to do with 90 dollar stocks? I need 140!
Krish’s abrupt departure. Who’s next ?
Krish’s abrupt departure. Who’s next ? What does this mean to ONTAP teams?
The Plan.
It seems evident that the plan has been outlined during today’s call and how they will identify who to target. My opinion is Those not complying with the office attendance policy will likely face eventual separation. Employees receiving poor... — read more
Rules for thee, not for me
Employees asking about RTO success shouldn’t be all “about the numbers” according to admin but beware you’ll face consequences for not meeting your office visit quota aka a number.
Minority owned companies should boycott Netapp
As evidenced by this recent comment on thelayoff and the number of thumbs up it got. These employees should be immediately terminated. "What's that again? 13% of the population but half of all violent crime? Talk about entitlement. But wait, I guess... — read more
President Cesar is getting ready for "March Madness" selfies.
I'm sure he will be there taking selfies and eating tapas. Go Microsoft!!
Stock price forced George's hand
Does anyone else agree that the ICs shouldnt bare all the blame for this? At a certain point you have to question the CEO and the VP suite for not understanding the direction of the business. To me it seems that the VP level should all fill out 5... — read more
Every 1 point drop in the stock price
Means 100 layoffs. Is there any reason left to work for this company other than drinking the cool aid and being too lazy to look elsewhere .
No mass layoffs in the near future?
Mass layoffs are over for NetApp. Now that the C-suite have realized the cost saving benefits of tracking, then we-ponizing employee RTO metrics they'll favor GAPs/PIPs-based evaluations directly linked to RTO. I can't say they'll never go back to... — read more
NetApp Operations group
Will Ops be impacted in the next layoff? Appears some consolation could be done there.
NTAP restructuring from the recent 10Q, 4% workforce reduction
Restructuring Charges In the first nine months of fiscal 2025, management approved restructuring plans to redirect resources to highest return activities and reduce costs, which included a reduction of our global workforce by approximately 4%... — read more
George I know you see this
You need to clean house with the VPs. They are NOT HELPING THE COMPANY GROW. THEY NEED THE BOOT.
10B in revenue-NOT! Since 2012 NTAP has been flat around the $6B number
I seriously think the board should seek a new CEO if they are looking to grow to $10B. George has been at NTAP 10 years and the revenue has been in the $5-$6B range. There will likely be layoffs but the problem isn't at the bottom-it's at the... — read more
Folks this layoff will be bad
save up and be prepared for a "no severance" possibility, end of q4/start of q1 and prepare your resume
Stand alone storage companies are done
Both PURE and NetApp are being punished by the market which has figured out that flash is not cloud. Even NVidia is not exempt. Since George no longer supports severance ...... resumes should be flying out of NetApp while there are still jobs to be... — read more
Game over .... especially for object.
Massive layoffs and product abandonment on the way. First in line will be object. You can't be a profitable if the unit price of what you sell declines below the cost of producing and selling it. Object is now completely commoditized while the... — read more
sales outlook
Is anyone concerned that Trump's tariff threats, extensive federal layoffs and spending cuts are going to lead to decreased IT spending? Not just the federal government, but across all sectors. How will this impact NetApp?
Underperformers
Q1.
no money for backfills, but plenty for executive travel
SAM execs meeting in London flying business class, Support execs meeting in RTP flying business class, backfills for desperately needed to support our customers, denied. (cost of these meetings could easily fund several support engineers)
President Cesar travels all over the world for selfies
Cesar sure likes to travel and take a lot of selfies. Nice post of him on LinkedIn celebrating LNY in Asia - S Korea, Japan, Taiwan, etc. Lots of travel for a company stuck at 6B for the last decade. Interesting priorities Cesar, go Microsoft!!
Layoffs in RTP?
Are we going to get layoffs in RTP? If so who do you think is getting cut?
Terrible management
Harv promotes his friends that have achieved nothing in their time here. Meanwhile, the rest of you worry about looming layoffs. Go NetApp! KickAss!
Hearing that it is set for tomorrow or early Feb
Any news? updates anyone?
BTO RTO
BTO managers will soon have to go into office 2x/week.
Layoffs, Hiring Freezes, or Reorgs Affecting My Team Placement ?
I'm currently in the final stages of the hiring process, but I've experienced unexpected delays and changes with the team matching beacuse of changes in hiring manager assigned to me. I'm wondering if internal factors like layoffs, hiring freezes... — read more
GK RTO
Hello all. Do you think Kurion will follow in the steps of the gov and ask us to return to offices?
SDE 2 - San Jose compensation eval
I need help if I am getting compensated correctly, or should I ask them to raise ? Base : 132k Stocks : 25k vested over 3 years No bonus YOE : 1 year, masters degree I have an internship offer from Microsoft but don't want to risk taking that and... — read more