Netapp Layoffs – I need to know why NetApp is laying off employees and the impact it may have on the company.
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Answered: July 14, 2023
NetApp is facing challenges in product revenue growth, which has led to a downgrade by Bank of America analyst Wamsi Mohan. In addition, the company has experienced two rounds of layoffs in the past 10 months, resulting in the loss of talented employees.
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Answered: July 14, 2023
To address the downturn in customer spending, NetApp has decided to cut about 8% of its workforce, amounting to roughly 960 jobs globally. This move is expected to help the company navigate the current employment crisis in the tech industry.
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