NetApp (Nasdaq: NTAP) laid off 6 percent of its work force on Monday, the company disclosed in a statement to the online publication ChannelWeb.
The company reports its quarterly earnings on Wednesday after the markets close. NetApp shares traded down 6 percent, or 99 cents, at $15.31 in trading Tuesday afternoon. The firm reported more than $3 billion in revenues last year.
NetApp, one of the world’s leaders in storage technology, has a campus in RTP and recently was named the No. 1 place to work by Fortune Magazine and the Great Place To Work Institute.
Some 600 people work at NetApp’s Triangle campus. The firm employs more than 5,300 people worldwide. Its headquarters are in Sunnyvale, Calif.
"Today, NetApp took a number of steps to better align our resources with the business outlook,” NetApp spokesperson Jodi Baumann . “This restructuring includes a reduction of about 6 percent of the global work force, as well as the reallocation of other resources to initiatives designed to increase operating efficiency and build a foundation for additional market-share gains."
Baumann declined to spell out more specifics, such as layoffs by office or operation.