NetApp fired 500 people which became a jet of $3 million

I was shocked to read the title of this article at many of Spanish blogs I visit regularly. It seems NetApp had just declared a net loss of $75 million in its latest fiscal quarter. Few days before that they fired 500 employees to cut the costs. Then few days earlier they seems to buy a $3 million dollar jet for CEO. In some blogs, they assumed it was a privately own jets & on others it was mentioned to be bought by the company. I am not sure which one of the two stories is the truth, but I really hope these 500 employees salaries did not end up making that jet. If so then that is a huge abuse of using the credit crunch schema to fire people. I hope some one from Netapp clear the image in here :) .





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