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NetApp announced on Tuesday that it would reduce 960 jobs which are about 8 percent of its global workforce.
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The cloud-based management company faces tough economic conditions that have reduced the spending of customers.
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The company plans to make the job reductions mainly by the close of fiscal 2023.
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It will be liable for related costs of between $85 and $95 million during the 3rd quarter.
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U.S. companies have been trimming costs and cutting down on their size to help deal with the economic crisis that has hit the world following the global central banks' fast interest rate.
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"Companies are facing an increasingly challenging macroeconomic environment, which is driving more conservatism in IT spending.