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." ®

Secure remote control for conventional and virtual desktops

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
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.