The fact that people continuously speculate about impending layoffs is bad enough, like they say, it's not the actual layoffs that hurt , it's the anticipation. So, essentially, whether you are laid off or not get out of the position from which you... — read more
So……cuts next week?
How is the first week of May looking for layoffs? Bottom performers? I haven’t heard much but I am expecting there to be some reductions. I don’t think they would do them after converge.
According to BofA analysts, NetApp's weak demand is a risk for estimates, as shares fell almost 5% today.
NetApp shares fell almost 5% today as Bank of America analyst Wamsi Mohan downgraded the company, citing the potential for "challenged" product revenue growth in the coming months. Analysts also pointed to the company's 8% workforce reduction... — read more
Layoffs
Didn’t kurian say they would do more layoffs to get to 8 percent by the end of the current fiscal year? Or were those layoffs already done?
Everyone knows that hard work does not pay off here
So why do people still burn themselves out by working harder than ever?
The rumors around a May layoff have plummeted
Happened to notice that the rumors of a May layoff have dropped on on several forums, which is positive. Was it much ado about nothing?
As if existing problems aren't enough
ChatGPT is gonna kick a lot of employees in their guts by end of this year.
I’ll retool you 😁
More re-orgs; internal eng ops and tooling brace urself. If you doing useless stuff, find something useful to do, like now.
Lending Tree just laid of 13% of its workforce
NetApp will want to be that. Look for the next round to come soon. $50 a share here we come.
Layoffs were planned A LONG TIME ago
Talked to a SVP. Layoffs were planned summer of 2020 but then the US Government promised relief for companies like NA to give them free loans to pay company salaries. NA received missions in funds and gave 22 million in relief in exchange for tax... — read more
NetApp hiring interns everywhere
Intern - HW Intern - Accounting Intern - Marketing Intern - Data Science Inter - Automation Wow, talk about cost saving...
Do you have faith
Does anyone have faith in our VPs and SVPs? After having met Harv and knowing Octavian and George I really don’t believe they know what they are doing. It seems like they have no clear direction and honestly I don’t even get the impression they know... — read more
NO PENDING LAYOFFS
Straight from the SVP of OnTap Engineering today.
Ex colleagues post layoffs
When they came to know about my axing, they wanted my phone number ASAP from me, but alas, they never called me to checkin on me. I know they don't have to, but why ask for the phone number when there was never an intention to call. GK won't be... — read more
Were there cuts yesterday?
Don't work for NetApp but I woke up to a couple emails from people I know putting out feelers. They said they just got notified yesterday. All marketing people I work with.
Next round shortly before earnings release
The next round will happen about a week before earnings release. This will be to stabilize the price. George has promised investors the stock will not go under $60.
Is this the most active forum on thelayoffs.com?
I have checked a bunch of forums where I thought the activity is gonna be lit, but to my surprise, this forum beats all of them by a vast majority. Man, say what you will, there is a reason why
Where's the innovation at NetApp?
What team thinks that they are innovating something? Because I don't see anything
May is the Next Round
Leaders have been asked to stack rank people again and expecting a May round of cuts. Leaders are now taking all the visible sessions away from subordinates while setting up a scape goat on every team to blame for their failures so they have someone... — read more
Help next layoffs coming soon 4sure
I know they are coming, I've interviewed for 10 positions and everyone one wanted to hire me but said they just implemented a hiring freeze.
NetApp has lots of capital in SVB
Netapp had lots capital in SVB. Bad times coming.
Are the next round of layoffs coming soon?
Frankly, I'm extremely unhappy with my job right now and am actively applying to new jobs. I would rather get laid off with severance than quit or be fired. Also, does NetApp put underperforming employees on PIP or just immediately let them go?
Are the next round of layoffs coming soon?
Frankly, I'm extremely unhappy with my job right now and am actively applying elsewhere. I would prefer to leave in a round of layoffs with severance rather than quit or get fired. Also if a worker is underperforming, does NetApp put people on PIP... — read more
TDs : what do they do?
As an ic engineer, I never hear of what TDS are doing, or have done for that matter? Does anybody have a tangible example of what TDs produce? I’m genuinely asking because I never hear of anything , no presentations , no internal docs for us... — read more
Stick a fork in it
https://blocksandfiles.com/2023/02/23/netapp-q3-2023/
The management is resistant to change
It is a sad but accurate reality that the company is heavily staffed with long-term employees who are resistant to change. This mindset is ingrained throughout the organization, with a mutual agreement to protect each other from potential layoffs... — read more
WWYD (what would YOU do?)
Putting aside the negativity and history, if YOU were given the keys to netapp and 12 months to improve things, what exactly is the magic plan? It seems to me no matter what the leadership says or does, there is aloud push back, often vitriolic... — read more
Why I worry about other (Meta) companies laying off again
We all know that we take a leaf out of other companies' books every time, If Meta is gonna lay off another time, there is a high probability that NetApp will too. Better to prepare now and get another job than to compete with more ( talented ) people... — read more
Things getting worse time to jump
https://blocksandfiles.com/2023/02/23/netapp-q3-2023/
NetApp's Layoffs: Is Retaining Old-Timers Hurting Their Competitiveness?
While other storage companies are focused on expanding their workforce and keeping up with the latest technological advancements, NetApp has been laying off employees. However, NetApp seems to prefer retaining long-term employees who may be resistant... — read more
Its over folks
The company can not fire enough employees to keep up with the weakening demand. We call ourselves a "cloud company" but it's a mirage. Without on-prem hardware NetApp would be out of business. There is no future for technologists ..... Either you'll... — read more
Prior layoff of 1000 compensate for the results today?
... or more to follow? stock dropped 5%
When will your get LAID off?
When do you expect to be LAID off?
More layoffs coming
https://www.bizjournals.com/sanjose/news/2023/02/16/netapp-to-cut-dozens-in-san-jose.html
I worked at NetApp for 5 years
I've worked at 6 different companies from large to small. I've seen great leadership and horrible leadership. There are only two questions you need to ask yourself before leaving or joining: Do I like the people and culture? Will this company... — read more
Netapp Was Kinda Cringe
Most of you would probably disagree, but did anyone feel the cringe when talking to some of the workers? Specifically, the managers? I remember one of the managers criticized how I act at work because they thought I was "too afraid", but it was... — read more
Really - How Layoffs are done
SVPs tell their directors to cut 10% The directors meet with their subordinates and look at those who report to them. Do we like them? Do they make too much? Are they over 50? Then they cut those meeting this criteria. Next round coming soon. — read more
How layoffs are done
As someone who's team was cut at NetApp in Nov. I was told NetApp typically does layoff's on Tuesday, that was from the horrible company they use as a post layoff career counselor. I never got to meeting 2 because by the time that came up, my meeting... — read more
ReOrg Boston Consulting Model Coming
A reorganization is coming via the Boston Consulting model. This means that EVERY job that does not generate revenue will be slashed and outsourced if possible. Look for the following in the coming weeks, Budget estimates POCs with MSPs Planning... — read more