Thread regarding NetApp layoffs

NetApp is Netflix

Like Netflix, earnings are no longer a reason to buy the stock. Like Netflix there are many competitors who are less expensive with equal or better quality. Like Netflix, NetApp has a cult like culture and subscriber base. Like Netflix, NetApp no longer innovates.

Live by the sword die by the sword. Kurian will accelerate layoffs to keep expenses down and prevent a massive decline in the stock price like Netflix. For those of you who has RSUs or stock .... You will suffer twice when you lose your job during the next round of layoffs which will start Q1.

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| 1891 views | | 3 replies (last June 3, 2022) | Reply
Post ID: @OP+1glbz7OH

3 replies (most recent on top)

When you get the layoff, your unvested RSUs disappear. Don't count on them.

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Post ID: @Ipyt+1glbz7OH

JFC, is there anyone who actually works at ntap posting on here any more? It's always these same old nonsense posts with no substance.

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Post ID: @1ztq+1glbz7OH

Just a curious question: who will be affected by the layoffs? the senior guys or the folks who just joined?

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Post ID: @pkq+1glbz7OH

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