Old leadership seems to have a strangle hold on the remainder of the company. 4/15/20 To supplement the Company's condensed consolidated financial statements presented in accordance with U.S. generally accepted accounting principles, ("GAAP"), Extreme Networks uses non-GAAP measures of certain components of financial performance. Extreme Networks and Aerohive. Extreme Networks excludes share-based compensation expenses from its non-GAAP measures primarily because they are non-cash expenses that the Company does not believe are reflective of ongoing cash requirement related to operating results. I love working at Extreme Networks. The company is still grappling with how to … —  These non-GAAP measures include non-GAAP net income, … Consequently, they have miss set Wall Street's... Amazing key tenets of the Extreme culture. It's completely putting the cart before the horse. Sketchy practices designed to inflate revenues will soon expose a fundamentally weak financial picture of stagnant growth and poor sales execution. This company has so many opportunities for people that just started or have been with the company for years now. While coronavirus is making all companies rethink their business, our decisions are more related to our existing plans and changes in the market," the company said in a statement. —  Tariffs, supply chain, mergers, growing pains etc. Has EXTR ever offered voluntary layoffs before? I am really anxious to know. The firm last week put out a business update outlining the impact of COVID-19 to its financial results for its third fiscal quarter, which Extreme is slated to announce in June. Extreme Networks’ stock price has plunged since the company closed its $210 million acquisition of Aerohive last August, nosediving 64.44 percent from $8.10 per share on Aug. 9 to $2.88 on Wednesday. Receive notification when applications open for lists and awards. Extreme this week revealed several financial assistance programs for partners in the midst of the global pandemic, including deferred payments, extended rebates, and longer certifications deadlines. —  Layoffs in multiple groups. Not sure what the roadmap is but right now it seems... read more, Watching this trainwreck from outside. Minneapolis-based Code42, an … Eventually, the whole thing... Extreme had been investors in both companies, which were purchased for about $73 million and $74 million respectively. Are there any R&D teams located in the Salem office, or is that primarily a Test/Verification facility? There's no better feeling than growing your career inside an awesome organization like Extreme Networks. 15 years 4 months. read more, Found this while trying to determine just how big the layoffs were. Extreme last month also began to see some unexpected disruption in production in Mexico as the country began its own shutdown, Rice said. Apply For the Managed Service Providers 500, Dell Technologies Storage Learning Center, Symantec Business Security Learning Center, Dell Technologies World Digital Experience 2020, finished ingrating every piece of Aerohive Networks' technology, MSPs Brace For Sales Hit As Pandemic Sparks Customer Layoffs, revealed several financial assistance programs for partners. "We are aligning and converging our global teams so we can dynamically respond to the market and changes in investment profiles. Extreme Networks is laying off part of its workforce, but it’s not blaming the COVID-19 coronavirus pandemic for its latest round of layoffs, the company told CRN. More layoffs today at Extreme. The recent, sudden departure... Have you ever worked for a company with worse work culture and lower employee morale? Unfortunately, this means some of the positions have become redundant. I started back in 2016 and I've been promoted 3 times out of my 4 years with the company. Ethernet switch vendor Extreme Networks is replacing its CEO and laying off 70 employees in an effort to quickly improve the company's bottom line and set it up to run profitably with lower revenues. Teamwork. — read more July 2, 2018 by Anonymous | 2084 views | | 4 replies (last July 6, 2018 ) Join to Connect. (4/15 11:30am- day... A free inside look at company reviews and salaries posted anonymously by employees. Because I think it's a losing strategy in the near term. read more, Layoffs composing almost all of XMC/NAC/Analytics and GIM development and product management. Ethernet switch vendor Extreme Networks Inc. is replacing its CEO and laying off 70 employees in an effort to quickly improve the Santa Clara, Calif. company's Messages relating to layoffs at Extreme Networks Inc. are presented below the company info. There's no better feeling than growing your career inside an awesome organization like Extreme Networks. XMC and ExtremeControl NAC teams essentially eliminated. Literally no sustaining engineers left to support existing customers on enterprise products. When are there going to be more layoffs and what kind of severance can we expect? Support, marketing and sales to start, Get rid of all old leadership positions with new younger innovative leaders. Ed Meyercord has missed quarter after quarter. Q3 2019?? read more. Aerohive was founded in 2006 and today it has 30,000 cloud wireless LAN customers across a number of verticals … Reports on that site suggest that the majority of the layoffs are impacting development and product management employees in the firm's network access control (NAC) and Extreme Management Center (XMC) product units. Find the latest Extreme Networks, Inc. (EXTR) stock quote, history, news and other vital information to help you with your stock trading and investing. It does not reflect well on Extreme Networks. read more. See insights on Extreme Networks including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Report this profile; Experience. Extreme Networks. read more. I'm really worried considering the current economic situation. Published on Jan 10, 2019. ‘While coronavirus is making all companies rethink their business, our decisions are more related to our existing plans and changes in the market,’ the company says. Extreme Networks acquired Optranet in February 2001 and Webstacks in March 2001. Extreme Networks' Chief Operating Officer Norman Rice told CRN last week that the company hit a few supply chain road bumps as the COVID-19 coronavirus pandemic led to issues with component makers in Asia. TheLayoff.com is live since January 31, 2009! —  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. With acquisitions comes the usual teething troubles of integrating people and technology. Extreme Networks, Inc. Non-GAAP Measures of Financial Performance. Also... —  read more. “Don’t stop thinking about tomorrow. While Extreme expects that its supply capacity will be at or close to 100 percent by May, the company still expects some residual effects until June as business is just beginning to ramp back up now for some component makers. The networking firm in an email Wednesday said it’s focused on becoming the industry’s first cloud-driven enterprise networking vendor as it just finished ingrating every piece of Aerohive […] read more, Can someone explain to me the near singular focus on margins? —  The company did not respond to a question asking for confirmation of that figure. If you were laid off, how hard was it to find a new job? Do we have any idea just how big this round of layoffs was? Investors in Extreme Networks, Inc. EXTR need to pay close attention to the stock based on moves in the options market lately.That is because the Jun 19, 2020 $7.00 Put had some of … Any news to share, from either side? They can't keep everyone; synergies must be maximized to achieve the M&A business cases and they will use this... Unique industry intelligence, management strategies and forward-looking insight delivered bi-monthly. By all accounts, this place is in "Extreme"... Extreme Networks is contending for greater influence from the data center to the network edge, but it has some obstacles to overcome. It's like kiting checks or operating a ponzi scheme. Extreme Networks. 639 Extreme Networks reviews. Any updates on the Avaya Networking bid/acquisition? With all the acquisitions they still do not understand how to conduct effective business strategies. I worry there is going to be some serious cost cutting layoffs to improve margins? read more, Get ready for very rough ride. We are working on old technologies that have been outdated for who knows how long. Extreme Networks Leadership Has no clue how to operate a business appropriately. Just wait until FY 2019 results are announced. —  Reviews from Extreme Networks employees about Extreme Networks culture, salaries, benefits, work-life balance, management, job security, and more. The older Extreme Networks is way behind on technology whereas the newer acquisitions have better and later technologies leading … 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. read more. Extreme Networks did not respond to CRN's question regarding which business units specifically will be affected by the cuts. I love working at Extreme Networks. Extreme laid off many employees but with a decent (4-5 months) notice period because they stepped in to acquire Aerohives Networks by Q1 2020. Does someone know something we don't? Restructuring already announced. RTP and Salem offices affected. That place is a joke. —  How low can this stock go? Rice said that Durow will help Extreme in its marketing efforts as it becomes a cloud-first company. Hard to believe any company would leverage employees like that. A free inside look at company reviews and salaries posted anonymously by employees. The Avaya boards seem to be quiet, or at least, lacking in updates. Especially if it happened this year. By company standards, he should have been hit in the last reduction. The leadership is realizing that they were sold a bill of goods, with grossly overstated networking business projections. [Related: MSPs Brace For Sales Hit As Pandemic Sparks Customer Layoffs]. IT channel news with the solution provider perspective you know and trust sent to your inbox. Big layoffs coming. —  Extreme Networks announced its first 10 Gigabit Ethernet product in 2002, available with its modular BlackDiamond 6800 Ethernet Switch. It's far from precise, but I guess it's the best we'll get for now. read more, Just like after the Enterasys acquisition, layoffs are coming in order to make room for the Avaya and Brocade people coming over. Extreme Networks does not treat employees from acquisition well. They are... Extreme has been growing with acquisitions. They like to hype themselves up but their R&D is horrid. —  The San Jose, Calif. networking firm in an email Wednesday said it’s focused on becoming the industry’s first cloud-driven enterprise networking vendor as it just finished ingrating every piece of Aerohive Networks' technology into its portfolio that it acquired in August. Extreme, which has struggled to grow its market share in... read more. Shares of Extreme Networks (NASDAQ:EXTR) fell as much as 21.3% Wednesday morning, following the high-speed network equipment maker's third … This company has so many opportunities for people that just started or have been with the company for years now. Extreme means "to reach for the highest degree" and I believe Extreme Networks is always reaching for the highest degree; I see it in all of my passionate colleagues, our world-class solutions, and most importantly our valued customers. I am beginning to think the current management has never... I started back in 2016 and I've been promoted 3 times out of my 4 years with the company. —  Transparency. Extreme seems to be very confident that they will really be the winner in the upcoming auction. Extreme Moves . Vice President Corporate Controller at Extreme Networks San Francisco Bay Area 71 connections. Separately, Extreme Networks revealed in a January financial filing that it was cutting 13% of its workforce (about 90 jobs) as part of an... Use of this website constitutes acceptance of our. Extreme Networks is laying off part of its workforce, but it’s not blaming the COVID-19 coronavirus pandemic for its latest round of layoffs, the company told CRN USA. 52 week high 15.55 and is now down to 8.58. Just might want to check to see if all of the downstream leadership is on board. Reports suggest engineering has been destroyed to the point of no return. 639 Extreme Networks reviews. I see people who used to work here visit this forum so I figured I might ask. I'm not sure where "even more in 2016" came from, but that's not how I've heard it. The layoffs were apparently to free up money to buy Aerohive. Juniper Networks Layoffs News Monitoring. 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. 114 reviews from Extreme Networks employees about Extreme Networks culture, salaries, benefits, work-life balance, management, job security, and more. Ethernet switch vendor Extreme Networks is replacing its CEO and laying off 70 employees in an effort to quickly improve the company's bottom line and set it up to run profitably with lower revenues. read more, Extreme is built on a house of cards that will soon come tumbling down. Sycamore, Extreme Networks Warn Of Shortfalls and Each Plans Layoffs By William M. Bulkeley and Scott Thurm Staff Reporters of The Wall Street Journal April 6, 2001 12:01 am ET —  Avaya was acquired by Extreme Networks in 2017 and the former employees were laid off one large group after another without mercy. Ownership, Why is extreme so sure about getting Avaya networking. Expect more in late July. So the euphoria over the Avaya acquisition is coming to a close - quickly. As the number #3 player, we should be focused on growing MARKET SHARE! Sr VP whacked. CEO, Chief Excuse Officer. Juniper, Mist Partner Program Revamp Signals ‘Bold’ Channel Moves, Says Gordon Mackintosh, Upstart Celona Unveils Enterprise 5G Platform To Unite Wi-Fi, Cellular Connectivity, DOD: Latest AWS Challenge In JEDI Cloud Contract Is ‘Prohibited’ By Law, GreenPages Set To Accelerate Growth With M&A, Cloud Services Expansion With Abry Partners Recapitalization, SAP Emphasizes Process Automation, Low-Code/No-Code Development In Platform Update. 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