We are responsible for balancing business realities, shareholder expectations, and financial results. I believe that by coupling the strength of our Data Fabric strategy, our leadership position in the fastest growing parts of the storage market with the benefits of a more streamlined NetApp, we can increase our value to customers, partners, employees, and shareholders. The cuts also come two months after NetApp disclosed plans to acquire flash storage provider Solidfire for $870 million in cash. Get Data Sheet, Fortune 's daily newsletter about the business of technology. Flash technology has been a hot segment in data storage. But other macro trends—such as the burgeoning use of public cloud storage from Amazon (AMZN), Microsoft (MSFT), Google (GOOG) and others— is impacting traditional storage players, including market leader EMC and NetApp. Late last year, EMC (EMC) also disclosed a $250 million restructuring plan that will include layoffs.