After reporting a quarterly earnings report that missed Wall Street expectations, data storage technology firm NetApp disclosed that it is laying off some 500 employees in a cost-cutting move.

Rich Clifton, executive vice president for customer service operations at NetApp (Nasdaq: NTAP) who is based in the Triangle, said some of those would be positions at the company’s Research Triangle Park location, which employs about 1,600.

Sources told WRAL TechWire that about 200 jobs were eliminated Tuesday at NetApp’s RTP campus.

“We are deeply committed to North Carolina,” Clifton said, emphasizing that the company did not plan to close any facilities or operations.

In an SEC filing, NetApp called the move “a realignment designed to drive efficiency, eliminate cost and redirect resources to highest return activities.”

The NetApp cuts are the latest to hit the Triangle’s high-tech sector. GlaxoSmithKline, Lenovo, Allscripts, ChannelAdvisor and Hospira are all making layoffs.

NetApps reported net revenue of $1.54 billion compared to Street analysts expectations of $1.59 billion. Earnings were 43 cents a share. Analysts had expected 72 cents. The news sent NetApp shares down as much as 8 percent, or $2.78, in after-hours trading.

“We are not satisfied with our results and are taking concrete action to transition NetApp for the next phase of growth,” said Tom Georgens, chairman and CEO.

Cuts will be rolled out throughout the third quarter.

“We deeply value our work force here,” Clifton said.

He said those who lost their jobs would have the opportunity to apply for open positions with the company.

NetApp got an $11.8 million Job Development Investment Grant from the state of North Carolina in July 2012 to add more than 400 jobs at RTP.

The company has until next year to fulfill that promise.

“It’s too early to tell about the next milestone,” Clifton said.

NetApp reported revenues of $1.65 billion and earnings of 84 cents for the same quarter a year ago.