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Employment

Headcount: A Free Lunch?

A widely circulated email addressed from Foundry Networks Inc. (Nasdaq: FDRY) CEO Bobby Johnson is nothing more than a hoax, a Foundry spokesperson says. The memo, dated June 26, asks Foundry employees to work harder so the company can "increase profitability and bring [its] stock price back up."

"We work hard here at Foundry, but our CEO didn't write the memo," says a company spokesperson.

The fake email apparently made its debut back in March and, for reasons unknown, enjoyed a resurgence of late. The document states that "each employee will be asked to volunteer to work three Saturdays each month and two Sundays each month, in addition to his or her regular work hours."

It also promised a free lunch to weekend workers, but everyone knows there's no such thing.

Enough fake news, for now. Let's take a summertime swim through the past week's most interesting hirings, firings, and other employment news:

  • Ian Mashiter, formerly of Ennovate Networks, has taken the helm at Quarry Technologies Inc. (see Ennovate Shuts Down). Mashiter took the CEO gig a couple of weeks ago, following the departure of Jamie Bader in May. Mashiter says he hopes his background in building MPLS edge switches can be helpful to Quarry, which is in the process of closing a $19 million funding round from its exisiting investors. Quarry recently cut some top members of its U.S. sales staff in favor of making waves in Asia, Europe, and other markets (see Headcount: I Want You!)

  • Chip startup Santel Networks Inc. is rumored to have shut down for a few weeks while the company sorts through some funding issues. Unfortunately, Headcount couldn't raise anyone via phone or email to comment on the rumor.

  • Quote of the week: “I'd like to thank Randall for the contributions and leadership at Procket. I am confident that the company is well positioned for ongoing success.” – Procket Networks Inc.'s Tony Li, in a tepid response to questions about whether a feud between Li and Procket CEO Randall Kruep led to Kruep's resignation. (see Procket CEO Resigns). Definitely gives you a warm, fuzzy feeling, doesn't it?

  • P.K. Dubey, the allegedly combative CEO of Force10 Networks Inc., is no longer running day-to-day operations at the Gigabit Ethernet startup. The company announced today that Marc Randall, senior vice president of engineering for the company, has taken the helm for now, though Dubey remains executive chairman of the board.

    Employees at the company are said to be excited about the change in leadership, according to a source at Force10. Another source close to Force10's board of directors tells Headcount that Dubey's management style was partly responsible for VP of marketing Steve Mullaney's departure in April (see Flack You!).

  • Chuck Harris, the former VP of marketing and business development for Tachion Networks, has joined next-generation Class 5 switch maker Gluon Networks Inc.. The Petaluma, Calif.-based startup recently added a new CEO, Fred Fromm, and Fromm is evidently shaking up the senior management as his first order of business.

  • Speaking of Tachion, and we weren't, but we are now, the latest song parody of the startup's famous rise and fall is live on our message boards for your enjoyment. Click here for the latest message, or here to see the whole board.

  • Sony Ericsson Mobile Communications has said it will phase out its North American CDMA mobile phone operations and close a Munich-based research site that was focused on GSM and UMTS activities. The company says about 500 employees will be affected by the closures. In January, both corporate parents pumped some €150 million into the joint venture, which had already proved to be a drag on their businesses (see Ericsson Invests Ahead of Itself).

    Here's a summary of other industry appointments (and disappointments) from the past several days: That's all for now. Until next time, we look forward to your tips at [email protected]. If you send us enough good stuff, we might even come to work on Saturday just to answer the mail.

    — Phil Harvey and Marguerite Reardon, Senior Editors, Light Reading

  • Page 1 / 2   >   >>
    ext88 12/4/2012 | 11:49:19 PM
    re: Headcount: A Free Lunch?
    Can anyone tell me what happened to John Jendricks? It seems he was whacked a week ago, but the article doesn't mention anything.

    Ha, ha, PK's combative management style? What the hell is wrong PK? See what happens when you are not an "A-grade" employee! You get shot! What comes around goes around you SOB.
    lightreceding 12/4/2012 | 11:49:19 PM
    re: Headcount: A Free Lunch? I thought the bubble and easy money were over. What are these investors thinking with the idea of putting another $19 million in to Quarry? Don't they know when to fold'em?

    Ennovate couldn't figure out what they were trying to build and Quarry can't deliver a product and somehow recycling an Ennovate CEO to Quarry will help?
    Upside_again 12/4/2012 | 11:49:13 PM
    re: Headcount: A Free Lunch? Something really good must be happenning in there in order to get scarce new money. As known - there's very few getting cash like this. Regardless of which one you got fired from - Good for Quarry !




    lightreceding 12/4/2012 | 11:48:53 PM
    re: Headcount: A Free Lunch? Something is going on it is called throwing good money after bad.

    Apparently they are trying to rehatch their turkey of an IP Service Switch as a network based security device after not selling any of them.

    Another case of rebuild it and they will come.

    Cosine has been trying the network based security game for years and hasn't gone anywhere with it. Given the track record of Quarry and Ennovate why should they do any better.

    Maybe they can update their website with some of the money, there isn't any news or press for all of 2003.
    Iipoed 12/4/2012 | 11:48:47 PM
    re: Headcount: A Free Lunch? Whether this gossip is true or not why does it matter and why does anyone care. Foundry has executed their business plan better than any of its peers since going public. The lowest turnover of employees in this segment of the industry speaks loads for employee loyalty not to mention their customer loyalty that continues to grow considerably.
    LightMan 12/4/2012 | 11:48:47 PM
    re: Headcount: A Free Lunch? Spoken like a true Foundry spokesman. Don't necessarily disagree with your statements, but it does shed somd light about the atmosphere of Foundry, if true.
    LightMan 12/4/2012 | 11:48:47 PM
    re: Headcount: A Free Lunch? Came across the link that was mentioned about Foundry.

    http://www.internalmemos.com/m...

    Can anyone validate?
    Iipoed 12/4/2012 | 11:48:46 PM
    re: Headcount: A Free Lunch? Having been apart of Foundry for 4 years from 98 to 02 I know first hand of the atmosphere. when the CEO and senior management always puts in more hours than all other employees it does tend to make the atmosphere somewhat stiff. However, keeping that in mind, why do you suppose the employee committment throughout the company is the norm? They like their company, they have great confidence in their products and a strong committment to their customers who for the most part run 24 hours 7 day a week businesses.

    I never received a memo such as was printed. I did however work many saturdays and even some sundays often at customer sites. And I was a sales guy.
    simplethinking 12/4/2012 | 11:48:35 PM
    re: Headcount: A Free Lunch? ext88,

    You must be one of those poor performers that were fired by the CEO for the good of the shareholders. See afterwards how did the company perform? Stellar. Force10 is perceived to be the only winner among 200 other dying companies in this depression.


    From the outside, I evaluate the CEO by the numbers and, if the numbers are good, how many poor performers did you fire. On both counts the more the merrier.

    To me, you sound like THE sob.

    ODH 12/4/2012 | 11:48:13 PM
    re: Headcount: A Free Lunch?
    http://www.ceterusnetworks.com...

    The website disapeared.
    Page 1 / 2   >   >>
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