Any news? updates anyone?
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Thursday it is
Large layoffs of the past will no longer be the tactic NetApp leaders use. Those kind of layoffs are largely cost ineffective due to large severance and benefit payouts. NetApp will now rely on new performance management tools and RTO metrics to fire employees. Attendance metrics will be used against employees at review time and they'll either be PIP'd or put on a GAP. A PIP is the company telling you that you're going to be fired, but not right now. A GAP is more insidious because the real intention is 2-fold: the company will try to extract as much value during a GAP period and a GAP will almost always act as a precursor to a formal PIP.
The end result being that arbitrary and draconic RTO policies and performance management tools will block employees from progressing in their career and eventually result in voluntary exit or firing. Neither of those cases means NetApp has to payout severance or benefits. Implementing their RTO policy is a more cost effective way for NetApp leadership to perform a version of layoffs without having to pay it out.
NetApp is making a huge mistake by going this route and the company will bleed talent and as top performers will go to better horizon before the low performers are cut. I thought it would be RTO, but this new performance management BS is the final nail in the coffin for NetApp culture.
@ma+1jjsd1w57, and if not then, the next two weeks, and if not then the next two weeks, right?
@zx+1jjsd1w57 Layoff are NOT coming.
There are layoffs coming. PIP and GAP are running their courses along with attrition. AWF and the hiring freeze will thaw after earnings report.
Waiting to take the bullet. I am tired from constant fear of layoffs.
I’ve been a manager here for ~7 years. The only time I knew about a layoff was when it impacted someone on my team. Every other time I found out the morning of like everyone else.
WRT to the Thrive Performance reviews, they do say it’s a trial run and only 30% of the company is going through it right now, just Harv’s org I believe. But every manager/director I know is treating it like it’s the real deal. Even if it truly is a trial run, if there’s a list of the bottom 10% of employees that’s an easy place to start for layoffs.
CloudOps already did theirs with the Sale of Spot. Sales was last week, marketing this.
It’s happening in the next two weeks
To the person who said "it won't happen because my manager said so". How long have you been at NetApp? I've been around for almost a decade and for every single layoff, my managers and in some cases even my directors didn't know it was happening until the night before the layoff. Performance reviews were completed today (engineers, managers and above). There was an unusual urgency to get it done. This, in conjunction with all the RTO communication, is what's fueling this rumor. I did hear from a director that they are planning some big re-orgs in the Cloud Business Unit as well as Data Services, affecting teams in RTP and Boulder. I do hope it's just a rumor, but if it isn't then I wish everyone good luck and hope it's not a big one.
What else he could have said ? No one confirms layoffs.
There are no immediate layoffs.
Even the GAP stuff is being treated as a test run,
my manager confirmed that.
Dont listen to stupid rumors.
I haven’t heard a thing about it at all, aside from the hiring freeze. The fact Q4 started already in addition to the lack of even rumors internally makes me doubt it is happening.
Won’t have a tangible effect. Most employees are already disillusioned with the company.
Wow, is this good business practice for NetApp or will it backfire?
mandatory 10% every year for low performers.
Wonder if the push of thrive performance has anything to do with this.
Oh boy, next week. Which teams and locations will be impacted?
Next week.
What teams? I have heard it'll happen between this week and mid Feb.
Oh boy, which locations will be impacted? I'm paying student loans.