Approaching 2$/share, will it collapse?
Topics regarding layoffs at Extreme Networks Inc.
Extreme Networks Leadership Has no clue how to operate a business appropriately. With all the acquisitions they still do not understand how to conduct effective business strategies. They like to hype themselves up but their R&D is horrid. They are... — read more
More layoffs today at Extreme. That place is a joke.
The layoffs were apparently to free up money to buy Aerohive. Hard to believe any company would leverage employees like that
Just wait until FY 2019 results are announced. Restructuring already announced. Sr VP whacked. Big layoffs coming.
I honestly can’t understand how management thinks that we can move forward by constantly acquiring other companies but leaving everything else stuck in the past. We are working on old technologies that have been outdated for who knows how long. Also... — read more
Any speculation on who, or when?? Q3 2019?? — read more
Not sure what you mean by sketchy practices, but I agree that it's a flimsy base and they keep mortgaging future quarter]s business to meet current revenue targets. It's like kiting checks or operating a ponzi scheme. Eventually, the whole thing... — read more
Extreme is built on a house of cards that will soon come tumbling down. Sketchy practices designed to inflate revenues will soon expose a fundamentally weak financial picture of stagnant growth and poor sales execution. The recent, sudden departure... — read more
Watching this trainwreck from outside. I was so disappointed when Extreme didn't bring me over with the Avaya acquisition, but from what I hear from friends that did make the transition, I'm grateful. By all accounts, this place is in "Extreme"... — read more
Can someone explain to me the near singular focus on margins? Because I think it's a losing strategy in the near term. It's completely putting the cart before the horse. As the number #3 player, we should be focused on growing MARKET SHARE! Grow... — read more
Get ready for very rough ride. Expect more in late July. Of course, the so-called leaders will ride this dog into the ground, all the while ensuring that they are saved and well compensated. I heard a similar thing, that more layoffs can be expected... — read more
Found this while trying to determine just how big the layoffs were. It's far from precise, but I guess it's the best we'll get for now. "Extreme Networks is laying off between 25 and 99 employees at its Salem location at 9 Northeastern Blvd."... — read more
Do we have any idea just how big this round of layoffs was? And are we sure it is done or can we expect more sometime next week? — read more
52 week high 15.55 and is now down to 8.58. How low can this stock go? I worry there is going to be some serious cost cutting layoffs to improve margins?
Amazing key tenets of the Extreme culture. Just might want to check to see if all of the downstream leadership is on board. — read more
So the euphoria over the Avaya acquisition is coming to a close - quickly. The leadership is realizing that they were sold a bill of goods, with grossly overstated networking business projections. Consequently, they have miss set Wall Street's... — read more
Just like after the Enterasys acquisition, layoffs are coming in order to make room for the Avaya and Brocade people coming over. They can't keep everyone; synergies must be maximized to achieve the M&A business cases and they will use this... — read more
Extreme seems to be very confident that they will really be the winner in the upcoming auction. Does someone know something we don't? I am really anxious to know.
Are there any R&D teams located in the Salem office, or is that primarily a Test/Verification facility? — read more
The Avaya boards seem to be quiet, or at least, lacking in updates. Any news to share, from either side?
It's been very quiet over at Extreme. I'm not sure where "even more in 2016" came from, but that's not how I've heard it.
Let's see what happens next
Separately, Extreme Networks revealed in a January financial filing that it was cutting 13% of its workforce (about 90 jobs) as part of an effort to slash spending by $7 million per quarter. Extreme, which has struggled to grow its market share in... — read more
Are you guys hiring in santa clara?