The highly touted hire, David Sipes, who was credited with being the power behind growth of RingCentral where he was COO, has been released from his role “without cause” by 8×8 reports MarketWatch.
The angle most are reporting are the decision was made around the decline of 8×8’s stock price.
It was only a few weeks ago that 8×8 was the subject of speculation that it was in talks to be sold to a strategic acquirer. The departure of Sipes marks the third CEO to leave 8×8 in the past 10 years.
This feels like shuffling of deck chairs on the Titanic more than a bad job having been done by Sipes.
