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
Is the contract (alternate workforce) affected too?
Wondering whether any alt workforce got impacted?
I dont feel anything
I dont feel anger, sadness or fear - what am I going through?
Based on the SEC filing, the RIF will continue through Q4 2023.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001002047/000119312523019739/d395436d8k.htm
Would my 1:1 already be scheduled?
Doomscrolling, here. Are those who will be impacted already scheduled for their 1:1?
You should not expect to see an announcement about layoffs
NetApp is not very transparent about this. I know several people were impacted in May 2022 - yet nothing was ever announced even though more than 5% were impacted. Some companies are more thoughtful and transparent than others. NetApp really sucks at... — read more
EMEA
Anybody from EMEA reading this blog?
Clarity
Have impacted people been told or meeting scheduled already. Or is this happening throughout the week.
8%
Subject says it all
George just sent out official notification
8% reduction focusing in EMEA and APAC.
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 .
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
Once this round of layoffs is done...
Is there going to be another one? When?
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?
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?
So when is it happening ?
When is it happening ? And what might be the severance ?
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
How long do we have to hold the breath for?
The suspense is ki----g me, I just want to move on and see whats in store for me. When is it gonna happen?
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?
Any news yet on RIF?
Title says it all. Anyone have news on any people impacts in the company?
Layoffs are the only way to save the company
Downgraded by Morgan Stanley with a target price $10 below where it is now. The global financials which have driven the bottom line are sucking wind. The only way to maintain bottom line revenue is to dramatically reduce expense and the fastest way... — read more
Rif
Hopefully the rif will hit the no-op layers like distinguished engineers that don’t code or design, or support or test.. TDs as well, poor performing ICS .. ppl mgrs maybe, but someone has to run the asylum.. I’m none of the above ; I’m a product IC... — read more
How long do we have?
The writing is on the wall, clearly now. I just want to know how long before the car hits the deer. Honest answers, please.
People who came back here
What are the reasons why you decided to return here? I desperately want to leave.
The future is bleak
Stock down huge on guidance for next year. We are the new Facebook. The only way out of a VERY large layoff. It's already in the works.
OMG, stock dives to 64$ post trading hours
no comments...
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.
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.
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.
How many are nervous?
I have been checking my email first thing in the morning - just to see if I can still access it.
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
Having fun? Waiting for the Thanksgiving?
You are in for a treat, I would say have an early Thanksgiving and if possible, Christmas too.
And, it has begun
Wait until your name gets called.
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?