Thread regarding NetApp layoffs

The sky is falling

The entire banking team was let go today. No revenue growth = more cuts.

This Q must be really bad.

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| 2092 views | | 7 replies (last August 7) | Reply
Post ID: @OP+1k1zs33yk

7 replies (most recent on top)

@av It sc--ws over anyone who has maxed PTO balance because it's nearly impossible to use it all before FTO starts. Cisco payed out accrued PTO before switching to unlimited PTO.

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Post ID: @c2+1k1zs33yk

@ak Payout of unused balances will happen if you leave. Look at the FAQ. Just no payout to transition. You have to burn down your balances before you can participate in the FTO program.

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Post ID: @av+1k1zs33yk

I would advise ppl to submit payout request messages to HR. There’s a growing contingent of employees that have already done so.

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Post ID: @ar+1k1zs33yk

No vacation pay out on layoff/firing saves the company lots of cash.

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Post ID: @ap+1k1zs33yk

What?? I am on vacay. Fill me in!!

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Post ID: @an+1k1zs33yk

The company is dying.

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Post ID: @am+1k1zs33yk

And they just announced FTO with no Payout of accrued PTO. WTF is going on

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Post ID: @ak+1k1zs33yk

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