NetApp to slash 600 jobs in realignment - WHLT 22 Connecting the Pine Belt

NetApp to slash 600 jobs in realignment

Posted: Updated:
WASHINGTON -

Tech company NetApp will slash 600 jobs worldwide in a business realignment plan, according to a form filed with the United States Securities and Exchange Commission.

The 8-K form was filed on Wednesday and stated that the realignment plan is "designed to focus its resources on key strategic initiatives and streamline its business in light of the constrained IT spending environment."

The realignment plan is expected to be executed through the end of the first quarter of the 2015 fiscal year, according to the filing.

The filing also shows that NetApp expects to spend $35 to $45 million for employee terminations and other costs.

The company released a statement on the job cuts Thursday afternoon. It reads in part, "Amidst a challenging and constrained ITspending environment, we have made the difficult decision to reduce our globalworkforce by approximately 600 employees."

The statement did not give specifics on what impact, if any, it would have on the company's Morrisville office.

They told WNCN's Steve Sbraccia that "NetApp has had a long and successful presence in RTP, and ourcommitment to this region and to attracting and hiring the industry's mosttalented individuals remains unchanged," and that they would answer no further questions.

The company has 10 offices worldwide and employs 12,680 people.

Copyright WNCN 2014. All rights reserved.

  • Most Popular StoriesMost Popular StoriesMore>>

  • High Level LSD Distributor Arrested in Madison County

    High Level LSD Distributor Arrested in Madison County

    Monday, September 15 2014 10:23 PM EDT2014-09-16 02:23:08 GMT
    Kaleb ChhabraKaleb Chhabra
    MADISON COUNTY, Miss. - Madison County Sheriff Randy Tucker says they have made an arrest of a high level distributor of Synthetic LSD between Madison, Starkville and Mississippi State University. 
    MADISON COUNTY, Miss. - Madison County Sheriff Randy Tucker says they have made an arrest of a high level distributor of Synthetic LSD between Madison, Starkville and Mississippi State University. 
  • 16-year-old girl stabs another 65 times after nude photos posted on Facebook

    16-year-old girl stabs another 65 times after nude photos posted on Facebook

    Wednesday, April 2 2014 3:29 PM EDT2014-04-02 19:29:36 GMT
    A 16-year-old girl is accused of fatally stabbing her teen ‘best friend' in an attack spurred by nude photos of the pair together posted on social media, according to several media sources.  Anel Baez,
    A 16-year-old girl is accused of fatally stabbing her teen ‘best friend' in an attack spurred by nude photos of the pair together posted on social media, according to several media sources.  Anel Baez,
  • September Is National Recovery Month

    September Is National Recovery Month

    Monday, September 15 2014 8:11 PM EDT2014-09-16 00:11:16 GMT
    HATTIESBURG, Miss. - September is National Recovery Month. It's a month that brings awareness to and honors those who have overcome substance abuse. "Most people are just really unaware of their addiction. Most people are in denial about it," said Isaac Boose, Director of Pine Grove's Next Step Center.Next Step it a 12 step program that aids men into chemical dependent recovery, and is a top program in the country, according to Boose."We confront all of the things that they are afraid of, and...
    HATTIESBURG, Miss. - September is National Recovery Month. It's a month that brings awareness to and honors those who have overcome substance abuse. "Most people are just really unaware of their addiction. Most people are in denial about it," said Isaac Boose, Director of Pine Grove's Next Step Center.Next Step it a 12 step program that aids men into chemical dependent recovery, and is a top program in the country, according to Boose."We confront all of the things that they are afraid of, and...
Powered by WorldNow

5912 Hwy. 49, Ste. A
Hattiesburg, MS 39401

Telephone: 601.545.2077
Fax: 601.545.3589
Email: newsroom@whlt.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.