5. George Kurian, NetApp
Storage giant NetApp will lay off 960 employees during the next three months, amounting to 8% of its workforce. NetApp announced the planned layoffs in a filing on Tuesday with the Securities and Exchange Commission (SEC).
CEO George Kurian made waves when he said NetApp must reduce costs due to declining economic conditions resulting in more “conservative” IT spending. Kurian is the latest in a chorus of CEOs who have announced the need to reduce costs through massive layoffs.
“We are not immune to these challenges,” Kurian said in an email to employees. “Against this backdrop, we must be agile, deliver on our near-term commitments while positioning ourselves for long-term success.”
NetApp has instituted a hiring freeze and is reducing discretionary spending. Learn more here.
