And from other notes here over the last year or so, there seem to have been little "people actions" here and there - no big, announced layoff, but "surgical strikes" on a few people or small groups, here and there, almost invisible unless you're part of that action (or directly work with those affected) ... so maybe we won't see a big note from the CEO about an up-coming "people action" or "reduction in force", but instead there could be little pockets of small layoffs spread thinly around the company, invisibly???
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'Trasformation will be an ongoing process, adapting to the needs of the hour and market, for the company to invest in right areas by reinvesting in other few'..... they have made this clear last year. So this calibration is kind of getting 'as usual'...... Uncertainty is always there. You never know what is coming until it hits you....
Are layoffs coming? Probably. Are they warranted? Probably. I’m at a partner company now, not a reseller, and I talk to netapp people daily. The number of people I know who go what I do doesn’t matter is astounding. And when I say doesn’t matter I’m not talking in the grand scheme of things or when looked at on a galactic scale I mean we have KPIs and we’re throwing up goose eggs. I worked with marketing a lot, and I hate to say it but half those people could be cut and marketing would probably get better. Not that they’re bad, they’re just so unorganized that dealing with the overlap just burns cycles. Which just goes to show the next group who should get sacked, managers. Most of the managers don’t really manage, they’re just individual contributors with a title and there are so many of them. When I was at HP I was as low as you can go and there were fewer levels between me and the ceo then at netapp, and there are people even lower then I was. My sr Director had fewer people in his org then my first line did at HP.
Netapp has an unbelievable product and some great people. If they clean up a little, and get leadership to crack the whip a little, they’ll be kicking a-- again.
If we follow last years cadence, it'll be Wednesday Feb 20.
Likely coming with missed revenues in hopes of increasing EPS. It's smoking mirrors. Revenues down. Buybacks also gives the impression of increased Earnings. It will soon go back to the basics. Layoffs or "restructuring" will indeed come.