Thread regarding Extreme Networks Inc. layoffs

Stock Buybacks and Layoffs

$200 million in stock buybacks in three years. The top lines their own pockets instead of putting money back into the company and/or investing in their devoted workforce.

The CEO joyfully shouts, "innovation!" While he does nothing but micromanage sales and marketing. How about you focus on cutting ties with captain ponytail and the stock will increase. Analysts and shareholders will dance in the streets.

Stock buybacks, layoffs, and no raises. How can the top be this greedy? You've let amazing talent go over the last couple years while allowing the CMO to hire her friends who do nothing but su-k the air out of the room. Culture isn't dying; it's dead.

We have leaders that are incredibly insecure—primarily the CMO and CTO. They surround themselves with pathetic yes-men and yes-women. They don't respect feedback that would improve their departments. They are dictators. Speak up and you will be laid off.

The CMO continues to build a top-heavy org while cutting those who were doing the work of three people and added tremendous value for the cost. She hires SVPs & VPs in California who take credit for the work that came before them. She then lays people off in lower cost states. She's bleeding money.


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| 1191 views | | 2 replies (last September 18) | Reply
Post ID: @OP+1k4qcjf2r

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Party was over for this dinosaur many years ago. Got lucky because post-COVID demand tide rose all boats. Bringing in a completely inept CMO and her toxicity will only catalyze demise. Someone should tell her that if the competition can swap your name and logo from marketing, you ain't got no differentiation. How about platform for incompetence! Still can't fix chasm between sales and product!

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Post ID: @1jp+1k4qcjf2r

Extreme Networks has become a people grinder. We are just moving people in and out and no longer building anything worth merit. We have not cracked 2% of the industry in a long time.

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Post ID: @a9+1k4qcjf2r

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