NetApp lays off staff
NetApp is laying off up to 6 per cent of its staff as it copes with a recession that's affecting enterprise storage purchases.
According to Jodie Bauman, director of corporate PR: "Today NetApp took a number of steps to better align our resources with the business outlook. This restructuring includes a reduction of about 6 per cent of the global workforce, as well as the reallocation of other resources to initiatives designed to increase operating efficiency and build a foundation for additional market share gains."
NetApp will announce its third quarter fiscal 2009 results on Wednesday. This quarter, which ended January 23, 2009, includes the last two months of 2008 during which revenues took a steep downturn for many IT suppliers. By making these cuts NetApp is sending a pretty clear signal that its Q3 fy09 results will be pretty badly depressed. There are no details available on where the headcount reductions will fall.
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