Feeds

Analyst warns NetApp is prepping layoffs

1,300 pink slips prepared

The essential guide to IT transformation

According to a private Piper Jaffray note to its clients, NetApp is preparing to announce a 10 per cent work force reduction, about 1,300 people, in under-performing areas of its business such as Engenio, the acquired LSI disk array business.

The idea is, according to Piper Jaffray, for NetApp to maintain a solid operating leverage financial measure in its fourth quarter and full fiscal 2013 results to be announced on May 21.

We have not seen the Piper Jaffray note but its existence (and the 1,300 number) has been confirmed by two independent sources. We have also received information from another source last week that NetApp UK is laying off staff. The company refused to comment on this.

EMC has recently announced it is laying off 1,800 staff. An EMC contact said he'd received a sudden flurry of enquiries about job opportunities from NetApp staff.

Responding to a question about the Piper Jaffray note NetApp said; "NetApp is in its fiscal fourth quarter 2013 quiet period and cannot provide comment at this time." ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.