Be ready.. the traditional spring excercise will again be part of 2017... march madness
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While changing the comp plans for FY17 provides Wall Street a false sense of GK putting NetApp back on track, the numbers will start showing declining revenue and profitability declining. You can only massage the numbers so far and as the smoke clears, NetApp will have to look in the mirror and ask what's the next step in the playbook!
Another round of cuts will have to happen in order for NTAP to keep the numbers appearing as if they are a healthy company as the additional commissions being paid out will hurt what Wall Street expects. Keep your head out of the sand and be aware of what's really happening. Happy Selling!
short lists have started ...
The problem is the business is going to the dumps, and management is shedding the muscles, and protecting the fat... the nepotism and protection goes so deep that even after multiple rounds of layoff there are some teams not touched , even though nothing has been delivered. They get increase in funding, while projects that were doing well are cut off. Sad state of affairs .... no end to march madness, unless the deep rooted issues are resolved.
Serve the shareholders... and you know how hungry are your masters. They will continue even if it leads the company to a dead-end, press the assets and employees until the last drop.
Did NetCrap take over Solidfire or was it the other way around? Kurious George is making employee firings a full-time job. Come on George, buddy, you gotta have something more than your knife??
El Jorge has already decided to make the Spring cleaning in 17 a lasting one