Don’t worry about $5 stocks. That won’t matter in the big picture. The talented will figure things out and work for a disruption led focused company. You’ll find a new gig in a week. I left when I saw the writing on the wall, I had 7 so called managers in 9 quarters. I witnessed 2 managers in three months get fired. It’s never been better since I left. HR once again is asleep at the wheel but gets rewarded with some lame award the left coast gives out. It’s not sad it’s worse.
22 replies (most recent on top)
Cuts have not happened? Okay, you have no idea what you're talking about....
Firing all the b-player employees who stuck around from companies that were acquired was the best thing Extreme could have done, but Extreme didn't. This is a big mistake on Extreme’s part, but it's good for anyone in those grops, such as the Salem office.
Exreme has had other deals go horribly wrong in the past... remember, webstacks? That was the worst. Former vp on engineering GC brought in a group of rejected cisco employees, who called themselves engineers, and they tried to work on openflow/SDN. That was also a bad failure. Fortunately they all left, as a group, before or after GC was pushed out and he went on to fool dell. This whole ordeal ended up costing a whole bunch of money, including frivolous law suits settled out of court. As for recent acquisitions, enterasys, zebra, avaya, brocade have all been good for the company, one way or the other. Execution on integrating the portfolios have not been very good, but ok, at best. This is a hard task for any CTO and VP of engneering — good, bad or Arrogant.
On the other hand consolidating the work force which results in cuts (a.k.a layoffs) have not happened as most expected, which means the leadership is “somewhat concerned” about preserving jobs, which is a good thing.
Overall, extreme is doing ok. I agree it could be better, but it could be way worse. We all know there is room for improvement. Give it your all and make a difference, without focusing on the negatives alone. Focus on beating Arista, Cisco, dell, Juniper, HP/Aruba, Huawei etc. Stop trying to beat each other up within Extreme. The competition is outside... not inside extreme.
Any more layoff predictions, in light of the stock tanking yesterday?? Can't lose 40% of your value without some form of repercussions ...
Advance CEO making a big cut of dedicated workers to drive more stock prices. Check the buy back to give a fake price. Who owns most stocks. Who got biggest bonus for cutting out others?
A bad stock and company
yup, dir and sr. mgmt made the cut (of course) and the VP of eng will sink this company (ie JB).
shame on them as HP and Cisco must be rolling on the ground laughing and stealing deals left and right.
product quality is poor as bugs aren't really fixed and moved to other releases TBD. What are the odds mentality.
Maybe EM can get his head out of his ... and make the right changes like bringing in competent eng mgmt.
Field gets hit today. It will be a bloodbath. Hopefully top leadership will be the first to go. Worthless.
This is what happens when you have buffoons running the company. Sales slip because of poor leadership and the good people downstream pay the price. Sickening. In most companies, the CRO is responsible for driving sales and is held accountable. Not here. This company will not survive unless that moron is eliminated.
For the Avaya people: Exact same thing happened to Enterasys a few years ago. Many top people got let go (near-Cabletron-founder types). Sorry it happened to you guys too. Stay strong!
Most of the top engineers from Salem got laid off. What is happening? How could someone possibly think this is a good idea? I think the decision that was took was literally the worst. Good people who had experience in the code inherited from Nortel were laid off. People who did much of the work. I am very very sad. Many of the people who helped me get started here are gone from the company :((((
Agreed, but let's be honest: it's not surprising nor unreasonable that Avaya got hit, and drastic actions are needed now to fix the boat and renew the portfolio.
not sure how large it was but it was definitely across the board - not just one dept or new acquired business unit -
LOL. The "TOP" should be the people being shot. Absolutely the worst leadership I've seen anywhere. In any company. At any time. What are they thinking with the amateurs they've been bringing in? This place has become the total opposite of the culture they espouse. Candor, huh? Transparency, seriously? The culture here has been one of secrecy and oppressiveness. Very different than how it was a few years back.
No word from the top as to what is going on...just an unknown body count.
Game over! It's been long enough to consolidate functions inherited from Avaya and Brocade. Most of those going will be duplicate or non-essential functions that are not required here any longer.
all worker bees - no mgmt. Avaya got hit very hard to say the least.
Extreme is going down hard and fast. Better dump your ESPP and get out while you can.
Yup. This time even the Brocade people got hit. Doesn't look good for the stock.
What was the mix? (management vs sole contributors.) Any wizards let go?
approx. 30%. I assume they will pre-announce very bad numbers. Leave before the boat sinks completely.
some reductions? How about a boat load of reductions in Salem anyways.
Unconfirmed reports some reductions took place today ....