Cloud firm NetApp to cut 8% of global workforce amid tech layoffs

NetApp Inc said on Tuesday it would cut roughly 960 jobs, or about 8% of its global workforce, as the cloud data management firm grapples with tough economic conditions that have crimped customer spending.

The company expects to implement the job cuts largely through the end of fiscal 2023 and incur related charges of about $85 million to $95 million in the third quarter.