Extreme Networks Inc. Layoffs

Topics regarding layoffs at Extreme Networks Inc.

Aerohive

The layoffs were apparently to free up money to buy Aerohive. Hard to believe any company would leverage employees like that

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Post ID: @ZLNDv60

Dead Company Walking

Just wait until FY 2019 results are announced. Restructuring already announced. Sr VP whacked. Big layoffs coming.

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Post ID: @ZqVLegQ

This is not the way to move forward

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 We are working on old technologies that have been outdated for who knows how long.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 

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Post ID: @YjnjUPM

ATTENTION MR. CRO

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 

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Post ID: @Xg0uAjR

House of Cards

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 

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Post ID: @Vms9RPv

Trainwreck

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 

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Post ID: @Vk0l9yd

Margins

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 

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Post ID: @V2q4TTH

More Extreme Networks layoffs in July 2018

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 

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Post ID: @TZpMa02

Up to 100 laid off

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 

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Post ID: @TXDWpoR

How many?

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 

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Post ID: @TUFrAS3

Will the tumbling stock lead to layoffs?

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?

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Post ID: @TxmKicO

Panic in the Streets

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 

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Post ID: @OTdvZuK

And so it begins...

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 

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Post ID: @NysoICn

Any new news?

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.

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| 1314 views | |
Post ID: @Eu0QGCK

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