Without cooking our EPS by buying back shares and Kurian kicking the can down the Wall Street they are worth less as time goes forward.
Topics regarding layoffs at NetApp
Are there Andy rumours for emea? There is a Meeting scheduled for all EMEA People managers in munic next week.
Revenues down almost 10 percent. If not for stock buybacks the EPS would have been negative too. Rumour is that satellite locations, Boulder and Wichita as well as ancillary products like StorageGrid will go over board next.
Anyone else heard this?
Expenses are paid right away with very little if no review. Salaries are generally above industry averages and in may cases not even tied to revenue bearing outcomes. Most employees in the field work from home with no oversight or management. It's... — read more
Global numbers are abysmal. The CFO buying shares with both hands won't mitigate the stock price erosion. Maybe this quarter Henri will eliminate commissions instead of capping them.
Downgrading from buy to sell in a single move almost never happens. This is the first step towards extinction. Kurian sold his soul to Wall Street and now the payment is due. The layoffs are only beginning and as someone else already mentioned the... — read more
The company is currently in a constant layoff mode. The consultants that planned the NetApp "Transformation" have plans to turn over 30-40% of the sales organization largely based on age/pay/skill ranges. George put ONTAP in harvest mode 3 years ago... — read more
It's amazing how management can get away with this. No one is safe.
This is what success looks like. To all the haters, we're better off without you. Enjoy working for second and third place because you'll never work for first place NetApp ever... — read more
Overlay groups targeted. Cloud, Storage Grid and HCI. Company dismantling.
Its not all gloom and doom https://www.thestreet.com/technology/netappi-shares-higher-after-analyst-upgrade-15082953?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
"The proposed buyout — speculated by analyst firm Trefis — centres around plans to enhance hybrid cloud offerings in an alliance set to “scratch each other’s itch”. “We think Nutanix could fit in well with Google’s hybrid cloud strategy,” wrote... — read more
I worked as an Account Executive for NetApp for almost five years. I resigned in August 2018 after deciding to leap to Dell. Let me share the pros and cons after recently celebrating one year of employment at Dell. While working for NetApp, I had... — read more
From a customer perspective NetApp is like Sun Microsystems. Your HCI offering is like Solaris X86. Impossibly complicated to install and unable to compete with newer commodity products. Think Linux versus Solaris X86. FAS and ONTAP are like SPARC... — read more
What do you get for pretending the danger's not real Meek and obedient, you follow the leader Down well trodden corridors into the valley of steel What a surprise! A look of terminal shock in your eyes Now things are really what they seem No... — read more
Henri the crazy clown riding through NetApp on his Ducati like a sicario.
How's APAC doing? Hearing there are some layoffs expected...
I'm curious, considering that all who post here seem to really hate their jobs...
Here’s a better link. All the execs are selling thousands of shares. If this doesn’t blow your confidence out of the water, I don’t know what will. It’s over and they know it. Hers a link showing all the recent executive transactions... — read more
Even Joel has lost faith in NetApp. Way to sell... — read more
It has been filed. This one will destroy NetApp. Best news I’ve heard in a very long time. And they say prayers don’t always get answers. They do in this situation. I now predict GK will be replaced within the next 60 days. Too late... — read more
Any idea when the next one will happen? I’ve heard the end of August. What’s that mean? These layoffs are k–ling me. I’m the last member within my team with my skill set. I’m actively interviewing, but this is insane. Why so many layoffs... — read more
On finance.yahoo.com, we can see more than 10 law firms are calling investors to take Class Actions because of the stock price drop: On this news, the Company's stock fell from $57.71 on August 1, 2019 to $46.04 on August 2, 2019- a $11.67 or... — read more
I believe that the twin Netapp inherited from Oracle never has understood what Netapp was all about - and that is where most of the current problems started ! Not fully understanding the basic business (storage) and getting blinded by the cloud... — read more
Read the article at the URL below. https://seekingalpha.com/article/4286671-netapp-irreversibly-damaged
Maybe they will survive. With Joel and Stanley out, they may have a chance. Time will tell. NetApp is such a hot mess I can no longer short the stock. https://www.crn.com/news/storage/netapp-bids-adieu-to-two-more-top-executives
What do you guys think? anymore layoffs? hiring freeze?
With the all hands coming on the 15th of August, I suspect the layoff action will start within a week of that date if it has not already started. In my opinion, the layoffs should start with Henri...
Some good news for NetApp. NetApp's CDS Unit is growing tremendously, another AWS!!
PS has a cycle. It's a low margin business, so every time it starts impacting the bottom line it gets cut. The the business figures out they need PS to close deals. It happens at NetApp, It happens at Microsoft,, heck,,, it happen everywhere. The... — read more
Is more coming in US? Is it happening only in US or other parts of it as well?
As I review this forum it amazes me the ignorance of some of you. Why would you continue to work for such a horrible company who doesn’t have any apparent ethics when it comes to staff. You all complain, but you stick around. You are the problem... — read more
Not good!! http://investors.netapp.com/events/event-details/netapp-reports-preliminary-first-quarter-fiscal-year-2020-results
Big layoff today at NetApp. Was Bangalore site (NB) impacted? This is horrible!!
Just received emails from several colleagues impacted today. Good luck to everyone in the US today.
Any thoughts or comments about our former CMO leaving for Palo Alto Networks in July? Good, bad, no difference?
My ICP is supposed to be around $10K as per the ICP letter that i received. However the actual payout in my bank account is around $3500? What’s wrong ?