More layoffs today at Extreme. That place is a joke.
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Extreme Networks is wreckless with their budgeting, so this is why layoffs occur. They take away PTO for a horrible FTO. Anytime they have to answer to the Street, they start layoffs. They think they are the greatest but doesn’t realize there is a reason they are not number one in networking. They love to hide their roadmap of the company, so employees are clueless.
Heard more people have been notified last week. Most of layoffs are legacy Wi-Fi and cloud as the Aerohive employees take over.
WARN only cares about full time employees and not contractors.
Aerohive did layoffs before being acquired see: FAQ 9 in https://investor.extremenetworks.com/static-files/f2ded908-ca6c-4533-a81a-8db13aed70f9
These layoff were planned in June, see the SEC filing: https://investor.extremenetworks.com/node/18966/html
"On June 25, 2019, Extreme began executing a plan to better align its work force and operating expenses in the current business climate (the “Plan”). Extreme estimates it will incur charges beginning in the fourth quarter of fiscal 2019 through the second quarter of fiscal 2020, inclusive, in the range of $14 to $16 million. $12 to $14 million of the referenced charges will be paid in cash over the life of the 2019 Plan. Upon completion of the 2019 Plan, the potential savings expected to be achieved as a result of reduced employee related expenses and lower operating costs will yield annualized savings of $24 to $27 million. Costs associated with the 2019 Plan are primarily comprised of employee severance and benefits expenses, relocation of personnel and equipment and exit of excess facilities. The amount and timing of the actual charges may vary due to required consultation activities with certain employees as well as compliance with statutory severance requirements in local jurisdictions. Extreme expects the severance and benefits will be substantially paid by December 2019, and the excess facilities obligations will continue through December 2027."
@5zix, are those 51 all from Aerohive and or Extreme?
8/29/2019 11/01/2019 09/05/2019 Extreme Networks, Inc. San Jose Santa Clara 51 Closure Permanent
At least 51 in California, who know how many else where.
Can't see how anybody could say this was "pruning old branches." This layoff targeted a huge piece of the XMC UI team, probably in a ploy to outsource to India and/or k–l the product off. Not sure how they're expecting to manage switches without it.
Not to be the devil's advocate, but this was (at least in part) overdue. I'm sorry for some valid ex-colleagues but the way I see it, this was pruning old branches.
Which group is affected and how many total ppl ?
The guys at the top are id–ts. With a little effort Cisco and Aruba could remove these fools.
Can't wait for this place to go bankrupt from it's EXTREME incompetence in understanding the value of it's programmers over it's management and sales positions.
Seems to be focused in Salem. Not sure of how many were impacted.
How many impacted and where?