Korean has officially destroyed what remained of NetApp. I remember the pride we all felt as the company expanded on Crossman. It's all gone now. The executives will use the crumbs to pay out their bonuses which of course are no longer tied to innovation but only the stock price. Dan and Tom must be quite sad but of course they've moved on to competitors. A very large layoff is on the horizon while Nero Kurian drinks tea with his brother and k–ls your careers.
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Headcount is up due to acquisitions and new college hires. Without revenue increase there can be no headcount increase. The revenue has is stuck at 2012 levels (<$6b) apply 2-3% inflation adjustment revenue in 2012 dollars is $4.7b or so. So they keep playing games -anyone with 5-10 years at same level is a big target to remove as they are in the high end of pay range - top performances are let go. Cloud revenue is increasing but not in the areas that matter. Most recently they acquired in compute space and now analytics. Just to show cloud revenue. This is turning into another citrix like company. There is no CTO, there is no technology strategy or direction.
Except that total headcount is up as NetApp hires in growth areas. Funny how that works.
This is all speculation and opinion.
Last quarter financial numbers looked pretty good and cloud stuff is exponentially growing.
Netapp arguably has the best storage solutions, so all you competitors stop hating.
Couple of comments. Yes NetApp is continuing its decline. Mainly because it is a nitch storage provider in a full service market. It's Cloud stuff isn't even a quarter of its revenue. The building sell off makes sense as that is a good way to drive down operational costs and pump that stock. Which leads me to my next point. The only reason the stock is going up is because operational costs are going down because of decreased workforce and asset sell off. Your career isn't tied to a company. Either ride that wave until it flattens out or move on.
Lol, can't even spell names right. Sounds like a trusted source.
Kurian does behave like a North Korean. Eliminating those who don't drink the Kurian Kool Aid. As far as the stock price ...... Take a look at the historical chart of SUN Microsystems where the Kurians analog Jonathan Schwartz took the same road across the 38th parallel into the bit bucket.
Yes, the stock keeps going up. Awful.
Is this North Korean propaganda? Chinese and Russian astroturfers have much better English, this is pure amateur work.