Tech Company Layoffs In 2023: The Latest Cuts In Q1
Joseph F. Kovar
While tech layoffs in 2022 rose to levels not seen in years even as many tech companies were desperate to find employees, the number of tech layoffs already unveiled in January indicate that the situation will only grow in 2023.
NetApp: Laying Off 8 Percent Of Workforce
San Jose, Calif.-based NetApp said in late January that it plans to lay off about 8 percent of its global workforce.
The cloud storage and management technology developer unveiled the planned workforce reduction in a regulatory filing as part of its “planned efforts to realign resources to prioritize investments against its biggest opportunities in light of the macroeconomic challenges and reduced spending environment.”
NetApp CEO George Kurian, in an email to employees the company included as part of the SEC filing, wrote that the firm has been discussing the impact macroeconomic issues, which are driving businesses to be more conservative in their IT spending, are having on NetApp.
“We are not immune to these challenges. Against this backdrop, we must be agile, deliver on our near-term commitments, while positioning ourselves for long-term success. This means sharpening our strategy to focus on the areas of our business best positioned for growth, adapting our cost structure to reflect focus and market conditions and raising the bar on our performance. Having successfully navigated similar challenges together with you before, I am confident that sharp focus on our strategy and strong execution will enable us to capture the opportunity ahead,” Kurian wrote.