NetApp to cut 500 jobs

Data storage equipment maker NetApp Inc is cutting about 500 jobs, after it reported weak fourth-quarter results and gave current quarter forecast below estimates.The company said it expected to incur charges of about $25 million to $35 million related to the terminations, the company said in a regulatory filing. Most of the charges will be recognized in the company's first quarter, it said. (Reporting by Anya George Tharakan in Bengaluru; editing by Anil D'Silva)