Cisco Systems, the networking hardware company located in San Jose, California, and VMware, Inc., the cloud computing software company are both cutting staff.
Boulder-based NetApp is the latest to announce plans to lay off about 5.5% of its workforce. NetApp is focusing on cloud and software-defined technologies.
Wednesday, NetApp reported a growth of 5% to $1.30 billion and slight growth in non-GAAP net income to $163 million.
NetApp said in a statement, “NetApp is realigning resources and investments to best capture these opportunities and position the company for long-term success.”
Airlines
The pandemic has hit the airline industry with a vengeance. 90% of all air travel came to a standstill at the coronavirus outbreak. Many planes remain grounded and airline travel is down by 70% from a year ago.
Delta and United have announced extensive layoffs. Employees of airports and businesses in airports are losing their jobs.
American Airlines said on Tuesday it will cut more than 40,000 jobs, including 19,000 through furloughs and layoffs, in October.
