Storage provider NetApp has announced that it will cut 900 jobs after sales ground to a halt in its most recent financial quarter.
The company's revenue for the three months ending April 26 was $1.7 billion, up less than 1% from the same period of last year.
Products sales fell by 2.3% year-on-year during the quarter, and net income dropped 4% to $180.7 million.
The weak showing is by no means unexpected. Last week, it emerged that Elliott Management, the hedge fund that successfully lobbied for BMC Software to go private, had acquired a stake in NetApp.
The company said that it expects to incur a charge of up to $60 million for the restructuring programme.
NetApp offered no explanation for its flat sales in its financial statement. However, the recent launch of a new service that allows businesses to use their NetApp kit like a cloud-based file sharing service implies that it may be the latest casualty of the shift to the cloud.
NetApp is not the only enterprise IT supplier cutting jobs though. Arch-rival EMC announced this month that it would be slashing 1,000 jobs. VMware also announced 800 job cuts.