Bangalore: The American multinational company, NetApp, pioneers in computer storage and data management is to slash 300 people in India as part of a global workforce reduction programme, reports Times Of India.

The company headquartered in Sunnyvale, California, is a member of the NASDAQ-100, and it was ranked on the Fortune 500 list for the first time in 2012. NetApp has more than 12,000 employees in 150+ offices around the world. The company is top storage provider to the United States government as well as the storage market leader in Germany.

NetApp, a $6-billion company, competes with likes of EMC, Seagate, Western Digital and Brocade, and has its largest R&D center in Bangalore out side U.S. and employees over 2,000 people. The Bangalore center supports NetApp’s R&D, sales and marketing, and global service.

The company is to layoff about 300 employees in India according to an employee who remained anonymous, and the news could not be confirmed officially. NetApp India declined comment, saying it was in its fiscal fourth quarter 2013 quiet period, and "cannot provide comment at this time". Even international media is a buzz with the reports, based on information provided by US investment bank Piper Jaffray, that NetApp was globally laying off 1,300 people, a tenth of its workforce.

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