Thread regarding NetApp layoffs

Why the angst around layoffs?

Serious question; if the actions of the money men meet the legal agreements you have with them, then why all the bu-t-hurt and salt about the agreement being legally terminated? Either you own equity in the enterprise or you don't. You've already been paid, probably quite well, for the great work and hours you've delivered, but that's in the past. The future is the right of both parties to self-determine right? Plenty of work around and ideas to create smaller companies around.

by
| 2351 views | | 6 replies (last February 14, 2023) | Reply
Post ID: @OP+1l6XHI9i

6 replies (most recent on top)

Businesses have no loyalty to us. We have no reason to be loyal to them. Once the majority of workers understand that, the entire market will shift. Until then, those of us smart enough to take advantage of the situation and have plenty of backup plans will be much better off. I haven't been afraid of layoffs for years.

by
| | Reply
Post ID: @5pma+1l6XHI9i
and are treated as a valued member of the team and then you are then considered expendable.

LOL! Did you ever believe that sh-t? Do you still have your offer letter? Take it out and read it. Read to me where it says "valued member of team" or any such bollocks!

Hate to break it to you but you were ALWAYS expendable. The other fluff is to keep those without critical thinking skills engaged. If you sacrificed your nights and weekends to the detriment of family, friends and your personal projects ... well ... joke's on you bubba!

by
| | Reply
Post ID: @wcg+1l6XHI9i

Power to the people!

by
| | Reply
Post ID: @uzb+1l6XHI9i

Yes. This whole arrangement is rigged to favor the C-suite. Laws need to be changed, workers need to organize, and the decision-makers need to be held accountable for bad decisions instead of just throwing workers overboard. In the final analysis, the entire society has equity in the enterprise. We allow it to exist in the first place. The enterprise is supposed to serve the community's interest, not just a few individuals who want to get rich at the expense of the rest of us.

by
| | Reply
Post ID: @wjw+1l6XHI9i

Angst is around the fact that VPs and directors kind of act like oligarchs and feudal lords.
They don't do sh-t but they get great salaries and RSUs and golden parachutes when they
are kicked out .

Engineers who worked their as--s off for 200K got laid off to make wallstreet happy .

I know it is all part of the game and it is all fine end of the day .

My point is Netapp should really stop pontifying about culture and values going forward.

It is yet another enterprise just trying to keep wallstreet happy at the expense of folks who worked their butts off for the company .

by
| | Reply
Post ID: @jql+1l6XHI9i

Interesting take on that. I can see your point but it’s also a case of bait and switch, you get baited with the promise of a position with a company and are treated as a valued member of the team and then you are then considered expendable. And the ones who are actually responsible for the decisions that led to you being laid off rarely pay much of a price, sure CEOs get fired too and other C level execs and high level leaders but, unlike the rank and file who may get some sort of short term severance, they get a really nice cushion to land on. Sure, rank and file have a better chance of landing a similar position than a fired CEO, but those millions in stock that most CEOs end up is quite the tough way to go, eh?

by
| | Reply
Post ID: @fsp+1l6XHI9i

Post a reply

: