NetApp

NetApp layoffs

NetApp, a data storage and management company, is laying off approximately 700 employees, representing about 6% of its global workforce, as part of a strategic reorganization. This move, announced in late April 2025, aims to optimize costs and streamline operations in response to a shifting commercial environment, including the rapid rise of AI and market uncertainties. The company had previously indicated workforce reductions of at least 4% in its fiscal reports, citing sales deal slippage and a need to redirect resources. Facing a slight slackening in revenue growth, NetApp is taking these steps to improve operational efficiency and position itself for long-term sustainability in the competitive tech industry.

NetApp, a data storage and management company, announced layoffs affecting approximately 8% of its global workforce in late January 2023. This reduction translates to around 960 employees out of a total of about 12,000. CEO George Kurian attributed the decision to a challenging macroeconomic environment that has led to more conservative IT spending by customers, necessitating cost structure adjustments. The layoffs, part of a broader trend across the tech industry, are expected to be completed by the close of NetApp's fiscal 2023. Despite reporting increased revenue and profit in its previous fiscal year, the company is realigning to focus on areas with the best commercial returns. The storage industry, unlike some tech sectors, did not experience the same rapid pandemic growth and now faces a reckoning amid economic pressures.