"but the company was not immediately able to respond"
Says it all really.
Cloud file storage supplier ParaScale has failed to raise funds in a B-round and is having to cut costs and conserve its dwindling cash. The company has cancelled its external PR contract and an unspecified number of people are to leave the company. This includes Marketing and Business Development VP Jack Norris, who was just …
NetApp has confirmed it is closing down the standalone Advanced Technology Group (ATG) – an incubation unit that was part of the office of the CTO and once described as the "ideas factory".
ATG, which sources said was the closest thing NetApp had to an internal lab, has fallen foul of this week's expenses purge that will see 5 per cent of the 11,000-strong global workforce leave the organisation.
In a statement, NetApp said: "In our realignment of our resources at NetApp, we are changing our approach to advanced technology and our industry standards body participation. We're tightly aligning those functions to the business so that we can be more responsive to the rapidly changing demand of the market and customers.
NetApp boss George Kurian has confirmed a guidance-beating 5 per cent revenue jump for Q1 of its fiscal '21 – while also admitting to chopping the same percentage of staff in layoffs, as first revealed yesterday by The Register.
The CEO said cuts had been made in areas "not particularly aligned to our go-forward priorities" and confirmed staffers at scale-out, all-flash storage platform SolidFire were among those hit, noting a shift by the company to core enterprise usage.
"We are narrowing our focus with the SolidFire and HCI portfolio to the high-margin parts of the market," said Kurian.
Exclusive Perennial cloud-contender NetApp has pruned its workforce on the eve of its quarterly results.
“NetApp is realigning resources and investments to best capture these opportunities and position the company for long-term success,” the enterprise IT supplier told The Register in a statement.
“We continue to sharpen our focus on markets where we have both a significant presence and clear competitive advantage, specifically with our storage software and systems and cloud data services.”
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