Thread regarding NetApp layoffs

Google buys 8 NetApp Sunnyvale buildings for $250 million. Was letting all those employees go really necessary now?

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Post ID: @OP+Grty67G

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the property sale was talked to in the last 10-Q that came out on 07 March, unclear if the $117 million would be only property in Sunnyvale

During the three months ended January 29, 2016, we reported certain land and buildings previously reported as property and equipment, net as assets held-for-sale because we expect to sell them within the next twelve months. The net carrying value of these assets was $117 million as of January 29, 2016 and is included in other current assets in the condensed consolidated balance sheets.

https://www.sec.gov/Archives/edgar/data/1002047/000156459016014119/0001564590-16-014119-index.htm

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Post ID: @2jpz+Grty67G

The sold buildings were underutilized and should have been sold. I expect Google will buy the Aruba buildings between the two sold clusters of NetApp buildings as well. There were plans in 2010-11 to put new buildings on the sold sites as well as the vacant lot on Geneva, these obviously never happened. I would not be surprised to see the sale of land/buildings in RTP as well.

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Post ID: @2soi+Grty67G

Yes -- I was one of the ones laid off, and we were not aligned with the rest of the company after the pivot.

I was entitled to nothing, and if I want to get back in there, I know the guys who are rebuilding everything.

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Post ID: @1kme+Grty67G

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