RESEARCH TRIANGLE PARK – NetApp is cutting hundreds of jobs across the company, confirming in a statement that it is “realigning resources.”
The California-based tech giant, which focuses on cloud computing and related gear and services, operates a significant campus in RTP.
“NetApp is realigning resources and investments to best capture these opportunities and position the company for long-term success,”
NetApp told the OK-based tech news site The Register, which first reported the cuts.
“We continue to sharpen our focus on markets where we have both a significant presence and clear competitive advantage, specifically with our storage software and systems and cloud data services.”
NetApp is scheduled to announce quarterly earnings today.
CEO George Kurian could disclose more details at that time.
At TheLayoff.com, numerous insiders are talking about the cuts.
“Layoffs expected today across a number of groups. Alliances will be hard hit as well as unsuccesful products (HCI) and legacy sales org structures in sales, marketing, support etc. Cuts have been planned for sometime and many people have been told they are at risk/impacted,” wrote one.
“Focus will be transitioning legacy products and unsuccesful OEM/acquisitions in favor of the cloud focused areas with position elimination.”
The Register says the cuts are expected to hit 5.5% of NetApp’s labor force. It has some 10,000 workers, including hundreds in RTP.
Where the cuts will be made is not yet clear but Colorado operations linked to the NetApp acquisition of SolidFire in 2015 could be the epicenter, media reports say.
“These changes are a continuation of the transformation we are undertaking as we focus on driving growth for more customers globally by enabling their digital transformations and cloud journeys,” NetApp told The Register.
Other tech giants with big operations in the Triangle have cut jobs, such as IBM, or are preparing for buyouts and layoffs, including Cisco, as the pandemic recession drags on.