NetApp layoffs, on the record
Every job cut, severance charge and restructuring NetApp reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 11,800 to approximately 11,700.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 11,800 | April 26, 2024 |
| 10-K for 2025 | approximately 11,700 | April 25, 2025 |
| 10-K for 2026 | approximately 11,700 | April 24, 2026 |
Job cuts, severance and restructuring
Our summaryExecuted two restructuring plans in fiscal 2024 to redirect resources and reduce costs, including a global workforce reduction of about 1% under each plan, with charges mainly for employee severance and lease terminations.
Word for word“During fiscal 2024, we executed two restructuring plans and recognized expenses totaling $44 million consisting primarily of employee severance-related costs and lease termination costs.” 10-K for 2024
Our summaryApproved a restructuring plan in the first quarter of fiscal 2024 that also optimized global office space for a hybrid work model, with lease termination charges.
Word for word“The plan initiated during the first quarter also included optimization of our global office space for our hybrid work model.” 10-K for 2024
Our summaryRan business realignment plans across fiscal 2024, 2023 and 2022 that reduced the global workforce, with aggregate charges mainly for employee severance.
Word for word“These plans resulted in aggregate reductions of our global workforce of approximately 2% in fiscal 2024, 9% in fiscal 2023, and 1% in fiscal 2022, and aggregate charges of $44 million, $120 million, and $33 million, respectively, consisting primarily of employee severance-related costs.” 10-K for 2024
Our summaryExecuted restructuring plans in fiscal 2023 to redirect resources, reduce costs and establish an international headquarters in Cork, Ireland.
Word for word“These plans collectively reduced our global workforce by approximately 9 %, and resulted in restructuring charges comprised primarily of employee severance-related costs and legal and tax-related professional fees.” 10-K for 2024
Our summaryExecuted a restructuring plan to reduce office space as more employees worked remotely, which also reduced the global workforce.
Word for word“In the first quarter of fiscal 2022, we executed a restructuring plan to reduce the amount of office space we occupied as we allow more employees to work remotely.” 10-K for 2024
Our summaryCompany executed several restructuring plans in fiscal 2025 to redirect resources and reduce costs, mainly employee severance.
Word for word“During fiscal 2025, we executed several restructuring plans and recognized expenses totaling $83 million consisting primarily of employee severance-related costs.” 10-K for 2025
Our summaryCompany approved a restructuring plan in the fourth quarter of fiscal 2025 to redirect resources and reduce costs, including employee severance and lease termination charges.
Word for word“In the fourth quarter of fiscal 2025, management approved a restructuring plan to redirect resources to the highest return activities and reduce costs.” 10-K for 2025
Our summaryCompany approved restructuring plans in the first nine months of fiscal 2025, including a plan tied to the sale of the Spot by NetApp cloud optimization business.
Word for word“In the first nine months of fiscal 2025, management approved restructuring plans to redirect resources to the highest return activities and reduce costs, which included in the third quarter of fiscal 2025, a plan approved related to the sale of our cloud optimization and management software business known as Spot by NetApp.” 10-K for 2025
Our summaryCompany executed restructuring plans in fiscal 2023, including establishing its international headquarters in Cork, Ireland.
Word for word“In fiscal 2023, we executed, or continued to execute, restructuring plans to redirect resources to the highest return activities, reduce costs and establish our international headquarters in Cork, Ireland.” 10-K for 2025
Our summaryNetApp executed a restructuring plan in fiscal 2026 and recorded expenses mostly for employee severance-related costs.
Word for word“Restructuring Events During fiscal 2026, we executed a restructuring plan and recognized expenses totaling $21 million consisting primarily of employee severance-related costs related to the current year and prior year plans.” 10-K for 2026
Our summaryNetApp started business realignment plans in fiscal 2026, 2025 and 2024 to cut costs, with charges mostly for employee severance.
Word for word“These plans resulted in aggregate charges of $21 million, $83 million, and $44 million, respectively, consisting primarily of employee severance-related costs.” 10-K for 2026
Our summaryManagement approved a fiscal 2026 restructuring plan to redirect resources and cut costs, and the work was substantially finished by year end.
Word for word“In fiscal 2026, management approved a restructuring plan to redirect resources to the highest return activities and reduce costs.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2017-04-28 | $52 million | $84 million |
| 2018-04-27 | $0 | $7 million |
| 2019-04-26 | $35 million | $22 million |
| 2020-04-24 | $21 million | $35 million |
| 2021-04-30 | $42 million | $42 million |
| 2022-04-29 | $33 million | $31 million |
| 2023-04-28 | $120 million | $87 million |
| 2024-04-26 | $44 million | $70 million |
| 2025-04-25 | $83 million | $42 million |
| 2026-04-24 | $21 million | $66 million |
NetApp filed 4 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from NetApp’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-06-05. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.