| Topic : Corporate Layoffs |
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Project Management ++ |
Wipro Technologies |
Infosys Technologies |
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last activity : 07 06 2010 20:18:04 +0000
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NetApp layoffs 2009 !!!
NetApp is laying off up to six per cent of staff as it copes with a recession that's affecting enterprise storage purchases.
Recently NetApp has taken Google's crown as best company to work for in 2009, according to an annual Top 100 list (Fortune Survey). The report also praised NetApp for a "legendary egalitarian culture" and down-to-earth management ethos.
Reference - http://economictimes.indiatimes.com/articleshowpics/4075785.cms
With a workforce of about 8,000 that means up to 480 jobs are at risk. This restructuring includes a reduction of about 6 per cent of the global workforce, as well as the reallocation of other resources to initiatives designed to increase operating efficiency and build a foundation for additional market share gains.
Last year NetApp deliberately boosted its sales headcount in order to increase its coverage of enterprise accounts where it thought it was under-represented. With enterprises turning their IT purchase tap down, the yield from NetApp's increased salesforce is not high enough to sustain the current headcount levels. There is also a message here that NetApp thinks the recession will last several quarters more. Otherwise it could afford a short-term hit to its revenues.
It's only 480 people, though. Who's to say that they're not just using the down economy, now where are those down to earth management ethos !!!
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