I have been a customer or an employee of NetApp since it went public. The decline started with Tom Georgens and has accelerated under George Kurian, so and now gutted by former MSFT employees. It's only going to I get worse now as Kurian allows the company to be dismantled. Employees at a once best place to work are the least of his concerns. He will leave with an Henri Richard size package and the company will be sold at auction.
NetApp is like a black and white TV with a digital tuner.
Totally cooked.
While NetApp has a great cloud portfolio, the only advantage over other vendors is that of first mover. The story is great but in reality it doesn't work. Match that with the mess of the Cloud Manager interface and the team "supporting" it and you've got a disaster waiting to happen.
Lye either left or was shot. Simple. NetApp is a commodity now and always will be. That is the current state for anything infrastructure.
Don't complain about working at NetApp or any other traditional infrastructure vendor. Either put up with it or update your skills and move along. Life is too short to worry about NetApp this or NetApp that.
The company is broken and even for those still at NetApp, while you might not want to admit it, but wake up. Unless you are part of the old boys club you have no chance.
Dismantling the company? Huh?
It never ceases to amaze me how many NetApp employees will blindly defend management right up until the time they are riffed. Such sheep.
I worked at a different company and the HR dept would post things there (without identifying themselves) and they would even get things taken down if they talked about specific people that weren't execs. So, yes, it is very likely that NetApp HR is participating and posting things to make you question what others are saying is really happening. I believe it is gas lighting... So, do not be fooled...
If HR is active on these threads isn't that a conflict of interest and a form of corporate disinformation unless they identify themselves? Seems it would be completely against the spirit of this forum.
Not surprised.
Pretty sure all the NetApp Strong people will now shut up as proof had been provided in the form of data. NetApp's HR is active on this forum.
Given that revenue has remained flat over 10 years the only ways to increase EPS is to buy back shares to artificially increase earnings per share and/or to reduce expense. PS is now the target because the expense can be moved to a partners balance sheet.
YOU are the expense. That's the driving force behind the layoffs.
ARR is a meaningless new age description of subscription based revenue.
More financial engineering goes on at NTAP than any other kind.
I would suggest you do some research before you drink managements Kool Aid. Revenue actually peaked in 2013 and has been flat now for a decade. Massive buybacks have kept the share price from collapsing. NTAP is anything but a growth company.
https://companiesmarketcap.com/netapp/revenue/
Amazing to see so many +ve messages about NetApp in a Layoffs website. Somebody took up on themselves to scour this message board of any -ve vibes, which literally is why this site exists - LOL. I dont know what to believe anymore
Well said NTAPSTRONG. Obviously trolls in here with nothing better to do.
Lol, so many reactions to this post, negative or otherwise!
Decline?, not sure where you are basing this FUDs on.
When Tom Georgen was CEO, stock price was around $30...
EPS are at record high under Kurian's leadership
NetApp continues to transform itself and pivot where growth is. How you describe NetApp as black and white TV is just wrong... were more led OLED high-definition TV. We now have the greatest cloud portfolio among our competitors. Our Cloud ARR surpass $500M and on its way to $2B.
Perhaps, you should find a hobby and stop talking trash about others. Listen to your mom, if you have nothing nice to say, keep it to yourself.