Memory shortages are going to whack margins and the only lever that can be pulled to maintain stock price is expense reduction aka layoffs.
This company has no ability to sell software without hardware and no ability to hedge across non storage products.
Before someone says what about cloud ..... Azure and the others, will also be hit with the shortages.
NetApp is like a small mom and pop hardware store which is being destroyed by Home Depot.
Leave now before the out of business sign is on the door.