Extreme Warns On Q2, More Layoffs Coming

EXTREME NETWORKS WILL LOOK TO REMOVE ABOUT $7 MILLION PER QUARTER IN OPERATING EXPENSES AS PART OF YET ANOTHER ROUND OF RESTRUCTURING ONE THAT WILL INCLUDE LAYOFFS AND REASSIGNMENTS AFFECTING ABOUT 85 EMPLOYEES. EXTREME CITED “DELAYS IN CUSTOMER EXPENDITURES IN EMEA AND THE U.S.” AND SAID ITS LOSS WOULD STEM FROM BOTH THE REVENUE SHORTFALL AND EXPECTED RESTRUCTURING CHARGES.

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Extreme Warns On Q2, More Layoffs Coming