Silicon Valley Loses Best-Workplace Luster After Job, Pay Cuts

By Ryan Flinn

March 29 (Bloomberg) — Talk about bad timing: Within weeks of being named the best place to work last year, NetApp Inc. announced plans to cut about 6 percent of its workforce.

It was February 2009, during the worst days of the recession. Customers had slashed their spending budgets, leaving the company with no choice but toeliminate jobs, NetApp said at the time.

NetApp’s woes may have signaled the end of Silicon Valley’s dominance of the best-workplace rankings. When the list came out this year, the Sunnyvale, California-based company dropped to No. 7. And for the first time since 2006, all three of the top companies were outside the region.

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