Topics regarding layoffs at NetApp

Topics regarding layoffs at NetApp

Impacted Areas

Spot PC Number of DM's and VP's to cut out layers of middle management Lot of Development teams on ONTAP GSI team Channel Team (CDM and TPM) Add groups if you know them... but it was 8% public but contractors and open reqs were also gone... — read more 

EMEA

Anybody from EMEA reading this blog?

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| 2141 views | | 6 replies (last February 2, 2023)
Post ID: @OP+1kXQxMh2

Clarity

Have impacted people been told or meeting scheduled already. Or is this happening throughout the week.

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| 1830 views | | 3 replies (last January 31, 2023)
Post ID: @OP+1kXh7NmR

8%

Subject says it all

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| 1020 views | | no replies yet
Post ID: @OP+1kX8RPqj

8%

Yup . CEO just sent out a ‘today is the day for size reduction’ paraphrasing ofc. 8% !!! Damn.. Lunch: Classical Italian$4.59. Stay civil, and be thankful for any severance you (I) may get .

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| 2030 views | | 9 replies (last February 2, 2023)
Post ID: @OP+1kXl5zDB

Severance Details?

Apparently I am on the chopping block - havent received the new yet, but I think its time we spoke about severance. Can anyone throw insight into that?

Notices are out

Notices are going out for 1:1's tomorrow morning, if you get one you are most likely hit. If you don't get one you should be ok.... but check with your manager by end of day. Scope still sounds like it is broad from discussions.... sand paper of... — read more 

It was always a joke project in my opinion

Took a while, but finally. The project has always be a joke! what’s going to happen to the folks in Boulder? https://blocksandfiles.com/2023/01/25/netapp-astra-data-store/

WWGD

What would George do after Q3FY23?

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| 2601 views | | 5 replies (last January 30, 2023)
Post ID: @OP+1kRjqtlu

No job is guaranteed

Regardless of the fact that we all know that no one's job anywhere is ever guaranteed, there are always those who are surprised when they get laid off. How safe do you feel at your job now?

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| 2220 views | | 3 replies (last January 30, 2023)
Post ID: @OP+1kRjFNql

Layoffs to be announced in February

High single digits percentage across the board. Employees who have customer facing jobs and have worked remotely will take the worst hit. We are not immune to the high tech stock boosting layoffs currently happening. Kurian as always only cares... — read more 

What to expect from layoffs

The typical layoff cycle is early Feb, usually a Thursday, you can check the public event calendar and EBC schedule and they block the week of a formal layoff so they don't run into losing speakers. Last year they pushed to May, none of the... — read more 

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| 3430 views | | 1 reply (January 20, 2023)
Post ID: @OP+1kJT1h2v

Scope of the cuts

I'm using this time to prepare because I think the cuts are not far away. The question is how big will it be and who could be the biggest target?

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| 4690 views | | 5 replies (last January 11, 2023)
Post ID: @OP+1kqoerkp

Any news yet on RIF?

Title says it all. Anyone have news on any people impacts in the company?

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| 3310 views | | 6 replies (last December 23, 2022)
Post ID: @OP+1kidwZWH

Layoffs are the only way to save the company

Downgraded by Morgan Stanley with a target price $10 below where it is now. The global financials which have driven the bottom line are sucking wind. The only way to maintain bottom line revenue is to dramatically reduce expense and the fastest way... — read more 

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| 3930 views | | 9 replies (last February 1, 2023)
Post ID: @OP+1kbOaVRZ

Rif

Hopefully the rif will hit the no-op layers like distinguished engineers that don’t code or design, or support or test.. TDs as well, poor performing ICS .. ppl mgrs maybe, but someone has to run the asylum.. I’m none of the above ; I’m a product IC... — read more 

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| 4373 views | | 9 replies (last January 5, 2023)
Post ID: @OP+1k6xxdCO

How long do we have?

The writing is on the wall, clearly now. I just want to know how long before the car hits the deer. Honest answers, please.

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| 2910 views | | 6 replies (last December 14, 2022)
Post ID: @OP+1k6PLi3K

The future is bleak

Stock down huge on guidance for next year. We are the new Facebook. The only way out of a VERY large layoff. It's already in the works.

Why do you hesitate to leave?

There are many here who can get a new offer elsewhere but are still here. I don't blame them for hesitating to leave this place, because I'm not sure how much greener the grass is with some competitors. I don't want to say that it's good here, I'm... — read more 

Rumor of big wheel leaving Netapp

Rumor has it one of the big wheels at Netapp is leaving. Is that a signal of something to come or a career move on the individual's part.

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| 2680 views | | 4 replies (last November 17, 2022)
Post ID: @OP+1jILG7wD

Jobs are being offshored

For every employee in Cork one in the US will lose their job. The company as usual is more interested in tax strategy than technical innovation. No growth requires expense reduction and tax avodience to keep Kurians stock options in the green.

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| 1750 views | | 1 reply (November 15, 2022)
Post ID: @OP+1jHReoQP

Winter is coming

Freeze on expenses and travel. Freeze on hiring. Compensation plans adjusted. Kurian only cares about the stock price. NTAP falling in the Gartner quadrants. Winter is coming.

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| 2330 views | | 6 replies (last December 14, 2022)
Post ID: @OP+1jE0WbYg

How many are nervous?

I have been checking my email first thing in the morning - just to see if I can still access it.

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| 2530 views | | 8 replies (last November 16, 2022)
Post ID: @OP+1jCbSFWo

More cuts coming?

Don't take my word for it, but the rumors I hear is that more cuts are coming. I wish it wasn't true. Maybe someone has a little more info?

Insider Sold: Netapp

Cesar Cernuda, President, on September 15, 2022, sold 18,000 shares in Netapp NTAP for $1,256,677. Following the Form 4 filing with the SEC, Cernuda has control over a total of 78,463 shares of the company, with 78,463 shares held directly. The... — read more 

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| 2590 views | | 3 replies (last November 17, 2022)
Post ID: @OP+1jpJqazP

When is our turn?

Many companies are preparing lists of people to be laid off, what's NetApp doing? Will it be a sudden axe or will there be a leak of information beforehand?

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| 2210 views | | 2 replies (last October 10, 2022)
Post ID: @OP+1j2vqiCG

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