Netapp Inc

+1.28 (+2.05%)
5:02:28 PM EDT: $63.85 0.00 (0.00%)
Layoffs, Earnings Announcements

Netapp Announces A Plan To Restructure And Reduce Company's Workforce

Published: 01/31/2023 13:44 GMT
Netapp Inc (NTAP) - Netapp Inc - Announced a Plan to Restructure and Reduce Company's Workforce.
Netapp Inc - Company Expects to Reduce Its Worldwide Headcount by Approximately 8%.
Netapp Inc - Reduction in Workforce is Expected to Be Substantially Implemented Through End of Q4 of Fiscal 2023.
Netapp Inc - Will Recognize Majority of Restructuring Charges in Q3 of Fiscal 2023.
Netapp - Expects to Incur Aggregate Charges of About $85 Million to $95 Million.
Netapp Inc - Expects to Incur Aggregate Charge Consisting Primarily of Employee Severance and Benefit Costs Associated With Restructuring.
Further Company Coverage: Ntapo ((reuters.
Revenue is expected to be $1.55 Billion
Adjusted EPS is expected to be $1.35

Next Quarter Revenue Guidance is expected to be $1.48 Billion
Next Quarter EPS Guidance is expected to be $1.20

More details on our Analysts Page.