Plans to cut 12% of storage player's workforce got underway on Tuesday.
We were warned.
Two weeks ago, NetApp said it would cut up to 12% of its workforce, or about 1,500 employees. On Tuesday, the ax has started to fall at the Sunnyvale, Calif.-based storage maker, according to several anonymous postings on the blog, TheLayoff.
In a statement emailed to Fortune, NetApp CEO George Kurian said:
The cuts also come two months after NetApp disclosed plans to acquire flash storage provider Solidfire for $870 million in cash.
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Flash technology has been a hot segment in data storage. But other macro trends—such as the burgeoning use of public cloud storage from Amazon amzn , Microsoft msft , Google goog and others— is impacting traditional storage players, including market leader EMC and NetApp.