Thread regarding NetApp layoffs

Goldman downgrade = layoffs

King Kurian only cares about the stock price. That translates into more cost cuts and layoffs. Transition off of hardware will result in a company 1/4 the size. Storage Grid will be the first to go since cloud native S3 is a cheaper and more cloud friendly solution.

Wall Street account teams have already left the building for better opportunities. Those who stay will be discounted and dismissed.

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| 2822 views | | 3 replies (last October 30, 2021) | Reply
Post ID: @OP+1dnyXrlA

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Huh? Despite everything being cloud-cloud-cloud, the vast amount of install base and revenue is still on-prem. Hardware is going nowhere. Except in customer data centers.

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Post ID: @ctdy+1dnyXrlA

No

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Post ID: @4psn+1dnyXrlA

That is correct. The lead for Financial Services just left for VAST. Prior to that the JPMORGAN lead left for Cohesity. The game is over.

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Post ID: @lwp+1dnyXrlA

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