The rumors I reported regarding Extreme Networks were true.
The layoffs amount to approximately nine percent of Extreme’s worldwide workforce.
While Extreme looks for a permanent CEO, Bob L. Corey will succeed Canepa as acting chief executive. Canepa, who resigned to pursue “other opportunities,” will remain with the company for a limited time to assist with the transition. He will also surrender his board position at Extreme.
Said Gordon Stitt, chairman of Extreme’s board of directors, regarding Canepa’s resignation:
“Mark has managed the company through a difficult and challenging time for our industry. During his tenure, he implemented significant changes that have improved many aspects of our operations. We greatly appreciate his service to Extreme Networks.”