Extreme layed off over 250 people yesterday. Poor leadership, even worse management hires has led to the company losing more than 70% of their stock.
Teams that were effected -
SE's
SALES
SD-WAN Team
Services
Head of LATAM
Engineering
Marketing
Product Marketing
Programers world wide.
Poor leadership, poor recent sales hires cause downfall.
@wpto+1rRLg5xI what about Aerohive acquisition and has that product kept Extreme afloat?
Shareholders, take note! Mass exodus from marketing to come. The new CMO is very much hated by her own org, even by her cowardly army of VPs. In record time, she has transformed marketing into a highly toxic and unstable environment with no trust or transparency anywhere. The CTO has enchanted her with his vision of lies, and she has fallen for it hook, line, and sinker. Since layoffs, teams are grossly understaffed and underfunded yet she continues adding VPs to her staff. Her communication style is to ignore anyone who is not a VP or higher, and any talk of her “leading with empathy” is solely lip service to her personal brand, not a practice or core value of hers. She won’t waste her time meeting employees unless they have brown skin or a title of VP, demonstrating an actual absence of empathy and leadership. Easily one of the worst moves Meyercord has made this year. He has mu---red his own marketing organization. Anything to avoid holding the CTO accountable for not delivering on technology he’s promised for years. But wait - what about HR, surely they are aware?The head of HR’s initiative is DEI so the new CMO is a dream come true for her. Record low scores in an annual employee survey went completely unacknowledged. No changes were made - besides more layoffs - which certainly did nothing to improve the already abysmal morale and mental health of employees. HR knew all of it. They are fully aware and complicit. Meyercord has a bad situation on his hands - but his hands are too full of money for him to care.
What I do know is that , with all this layoffs most of the control has gone to the DataCenter (Ex-Brocade) team. Interestingly this team is the highest paid, with no successful product launches since acquisition by Extreme NOR they have had any meaningful revenue impact to overall Extreme Networks revenue. But they have been given the mantle and they do not have any knowledge on Cloud or Wireless. Looks like the CPO/CTO , who is also ex-Brocade , is protecting his team very very well at the expense of the company itself.
CTO should be fired !! How did he survive the layoff in spite of poor decisions and bad quality in products.
What did they say about the layoffs in all hands?
So true and very bad to say to frame these as “thoughtful” decisions.
It’s extreme. This has been their story since they were founded. Horrible company.