Sequential decline in revenue for years now. Compensation model modified. Employees outsourced or reassigned to other groups. Skilled employees jumping ship. Stock price on a permanent downward slope. Board members being added. The company is... — read more
Topics regarding layoffs at NetApp
The reason NetApp, Google, Facebook, Microsoft, etc. are saying "no layoff's for 90 days" is because there were MAJOR tax incentives for employers to guarantee to the government that they would not make cuts (not fake news, Google it, it's in the... — read more
Good balance sheet, good products and good leadership make a difference.
NetApp has eliminated somewhere between 55-75 PS jobs and are transitioning most, if not all of those positions to CGI (cgi.com). Announcement was made today. Last day is 5/15. Managers and "individual contributors" were both impacted.
The future has been mortgaged by stock buybacks and executive packages. Henri is the latest. All of this at the cost of employees futures and innovation. Fire sale is... — read more
GK stated that there will be no layoffs in the very short term. Despite that many employees have been told they need to find other roles. In effect this is the same as announcing a layoff and giving the employee a grace period to find a new position... — read more
This is my first year at NetApp so not too sure how this works here.
Firmed news that Q4 rev still have double digits down as Q3, guidance will be very weak due to the current situation. 90% we will be hearing top exe talk about people impact action in next earning release, right after people come back to office... — read more
NetApp has closed the HCI-BU, people were asked to contact local HR for new Jobs, seems the end is comming
This is the end. Products constantly being dropped because the sales force can't sell or even explain them. No demand in the market for hardware based solutions which is still the largest portion of revenue. Stock market no longer a friend... — read more
We are laying off people in RTP? Imagine in the midst of a pandemic. Does Kurian have no shame after wasting all the repatriated money on stock buybacks. Commentators on CNBC are calling that behavior criminal and I agree.
StackpointIO is dead. NetApp terminates the NKS/HCI integraiton. Expect resource actions around HCI as it is reduced in priority... — read more
Can’t help feeling that a very big axe is coming. With a new CFO, It feels inevitable and it will be devastating. Tough to stay focused.
Too many useless programs, middle managers, managers to manage the middle managers, managers to manage in and around the useless programs. People working on work they themselves created. May work when business is booming, but not when you’re on the... — read more
To meet quotas, guess what did the sales team do? They manipulated their sales to tick the checkboxes. Mgmt knew about it but narry an action to ensure compliance and integrity is upheld. Lots of poor mgmt in the entire APAC org.
It means one of two things. Either he's a fall guy for Kommander Kurian and his Lost Planet Cloud Men. or He can no longer put lipstick on a pig and justify buyback after buyback after buyback. 4 billion plus down the drain and declining... — read more
Hear layoffs in 2 weeks in engineering especially manageability group. Is it true?
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.
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