NA held up well despite being a CS shop. Can't say the same for those targeted for the next round of layoffs

got some rsu from promotion this year. do i hold until after acquisition is done or do i sell now? if i get trimmed in the fat, i believe they are forfeited.

Wiz tied into 3 hyperscalers like NetApp.

A misdirection while Thomas and George hash out the details of a Google / NetApp tie up?

So the rumors of outside consultants are bankers seeing how much can be trimmed when NetApp integrated into Broadcom/VMware? Hock Tan likes cash flow.

They didn't even bother to press release it. https://sustainabletechpartner.com/topics/chief-sustainability-officers/netapp-hires-vmware-veteran-nicola-acutt-as-chief-sustainability-officer-5-things-to-know/

Word has it as NetApp is preparing that all non producing business units will be slashed and reduced (layoffs). Management has brought in consultants who has told them they are either making money for the company or are consuming resources and... — read more 

Larry's son is getting Paramount deal done. Definitive M&A expected this weekend with a 45 day go shop. Oracle expected to provide AI and cloud technology to help lower costs. Netapp leader in unstructured data with 50% enterprise unstructured data... — read more 

Skydance + Paramount moving forward with definitive agreement with 45 day go shop expected this weekend. Oracle expected to provide AI + cloud tech to Paramount to help them lower costs. Netapp has 50% of unstructured data on its gear. Elon talks... — read more 

Kind of a tough sell re data privacy for Netapp customers if you also have another business that sells data to advertisers. Sounds like Cerner had this problem once Oracle acquired. Oracle advertising had layoffs last week and Sept 30 Oracle... — read more 

The good news is that NetApp stock price is going up, north of 130 per share. One of GK's key metrics is to increase stockholder value. Unfortunately, the company is having to make decisions that impact most employees significantly.

HR is at it again. I distributed my allotted budget for merit and ICP to my team. It was approved through my management team and without notice, someone from HR went in and knocked everyone down significantly. ICP was also dropped by thousands per... — read more 

1–3 years out, oracle? Thoughts

Why did NTAP stock buybacks slow to $100 million in Q3/4 vs $300 and $400 million in Q1 and Q2 FY24? CFO missed the 100% of FCF targeted returns to shareholders via buybacks and dividends. $900 million buybacks and $425 million dividends vs $1.5B... — read more 

George Shaheen, longest tenured NTAP director sold his entire stake on June 10 out of the blue with no 10b5-1 (he doesn't have history of dumping entire stakes and he did it the day before investor day where NTAP introduced 3 year growth and profit... — read more 

The truth is hiding right out in the open if you 👀 and 👂

Engineers enjoy the new paradigm, have no self-esteem, and bow down are a must for continued employment.

I’m almost sorry for all of us who are still here (for now). We have to pick up work for all the people who are gone. Many peeps who were let go are not easily replaceable. They will take on new people who we will need to train endlessly and not be... — read more 

I have worked here for a few years. Over the last year and a half we have been under an on and off hiring freeze. Had budget cuts/layoffs happen out of the blue. Meanwhile the CEO and big wigs are sending out emails praising the company and bragging... — read more 

why boast about a record setting Q4/FY24, to mention no raises/promotions/budgets, and then hit us with layoffs? What do u think this does to company morale. Work hard to get laidoff next week? Colleagues are very frustrated. This will not turn out... — read more 

Havent been hearing much talk about the number - makes me believe that its not much going by %

Any dept spared?

Wide reaching layoffs today. Core ONTAP affected. I'll eat crow. I thought it was trolls.

Georgies brother works at Google and he mimics his brother so when is NA getting the next round of layoffs?

If you are wondering how someone seemingly unqualified got their job and if it was the DEI quota program, I suggest you take a look at their LinkedIn profile. Over the years, leadership has coached DEI hires to remove work history that suggests they... — read more 

Has NetApp ever observed Easter as a holiday in the US? It was weird to me that they don’t but do in other countries.

Why is it that I see Pure CEO everywhere with his funny hat? Does he think it's the 1920s or something, "and how do you do, what do you hear, what do you say?"

I was laid off 6 months ago. Got a nice severance and found a new job with the same salary working remote. Didn't lose a beat. Heads up, get your CV ready if NA doesn't want you there is a company that does and will appreciate your hard work and... — read more 

Layoffs are a costly operation for the company and C-level leadership knows it. They are gambling on folks leaving by their own choice due to RTO. It's really a win-win for them: they get to justify their costly real estate expenditures to... — read more 

Sorry If I turn out to be wrong. I think there is a layoff round the corner. Leadership in my org looks extra grumpy these days. Nit picking silly mistakes and making a big deal about them.

Work-life balance doesn't exist. We've been understaffed for over a year, so I spend more time working than I do with my family, and it really shouldn't be that way. I'm assuming that is true throughout the company because everyone I talk to seems to... — read more 

So i just saw on linked that Kevin is leaving SPOT, and I noticed a bunch of branding changes removing SPOT from logos... wtf? I may have missed an email (checks spam folder). If SPOT gets 'disappeared' what about the rest of the public cloud stuff? — read more 

Cisco announced 4k layoffs today. George will follow suit.

Alright, picture this: CloudOps is like being stuck in a comedy show where the punchline never lands. We've got a leadership team so crowded, you'd need a calculator just to keep track of the underperformers. It's like watching a bad open mic night... — read more 

Will the new RTO policy make you start looking for a job elsewhere or are you just gonna deal with it?

Many people were laid off yesterday, including myself and many people I know at NetApp. (Retained) managers I spoke to said they were told at the last minute who was going and were not involved in the decisions and did not know it was coming. Some... — read more 

They've already announced return to office. Lots of people will probably quit as a result. So layoffs for the sake of cutting work force won't likely be necessary.