Cloud data management solutions provider NetApp is the latest cloud company to announce layoffs.

 

Cloud data management solutions provider NetApp is the latest cloud company to announce layoffs.

 The California-headquartered company says it will lay off 960 employees, representing about 8% of its workforce. 


  • NetApp currently has about 12,000 employees globally and will begin layoffs during Q1 2023. 
  • The cloud data management company expects to incur $85M to $95M in charges resulting from its job cuts. 
  • CEO George Kurian attributed the company’s decision to “an increasingly challenging macroeconomic environment, which is driving more conservatism in IT spending.” 
  • Like other cloud and IT providers, NetApp was banking on the push toward remote work during COVID-19. However, this has dwindled due to a widespread return to in-person working models. 
  • In 2020, Net App acquired Israel-based cloud operations solutions provider Spot.io for an estimated $450M.  

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