Extreme Networks Inc. Layoffs

Topics regarding layoffs at Extreme Networks Inc.

CEO

Ed Meyercord has missed quarter after quarter. By company standards, he should have been hit in the last reduction. CEO, Chief Excuse Officer.

A sinking ship 4/15/2020

4/15/20 Quarterly results are missed quarter after quarter, so regardless of the virus, Extreme was going to miss targets/expectations anyway. There’s always an excuse. Tariffs, supply chain, mergers, growing pains etc. (4/15 11:30am- day... —  read more 

Aerohive

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

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 We are working on old technologies that have been outdated for who knows how long.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: @OP+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: @OP+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: @OP+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: @OP+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: @OP+V2q4TTH

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 

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: @OP+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: @OP+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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Post ID: @OP+Eu0QGCK

Separately, Extreme Networks revealed in a January financial filing that it was cutting 13% of its workforce (about 90 jobs) as part of an...

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 

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Post ID: @OP+saYtsjv

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