Perhaps there are still people here who survived the company's bankruptcy back then. How hard was the transformation? How big were the cuts?
6 replies (most recent on top)
I was let go after Avaya came out of chapter 11 last time. They have held on longer than i thought they could. Thats good. They have nothing to offer except call center technology and honestly companies are all moving away from that technology
In 2017 many Avaya Resellers folded or left the fold. In 2023 the rest have left. It’s over for Avaya.
In 2017 Avaya lost many resellers. In 2023 all of them are gone. It’s over!
The first 2 responses are spot on about how we got here and what occurred in 2017.
Difference Now? It ain't 2017.
- Money is no longer freely available for creative capital structure deals. What few are discussing is that the REAL issue in corporate America/tech the last 4-6 mos is money is no longer cheap. They can no longer just ru out and play around with their capital structure as companies could 2015-early 2022. So now suddenly untouchable organizations are facing mass layoffs and changes.
- The market doesn't care to give Avaya yet another chance at Chapter 11. The market is tired of Avayas shxx. It's "be solid. Be real. Or be gone". It is game over if this happens. Clients will quickly pivot to untether from Avaya as practically possible. They will no longer have long discussions or give a aya the chance to share financials and promises as they did in 2017/2018.
- If Masarek and any remaining high integrity board member (can we hope there is at least 2-3 who have a moral compass) are able to defend Avaya from the Apollo take over attempt...then let's pray Alan can focus on a wise big ch group who can acquire Avaya while streamlining the business.
I agree 100% with the previous post. Things looked great for about a year after we emerged from bankruptcy, and then went bad again. A combination of disjointed cloud strategy, poor execution, and Enron-style senior management put us where we are today.
I was there in 2017. There were no cuts of significance because many left on their own during that year. A lot during the 1st 6 months. We spent most of that year explaining to customers that we weren't going anywhere and how the bankruptcy will fix many issues and while there was truth to that story, many customers stopped buying that year. No customer purchasing agent wanted to be questioned on why are you buying from a company in chapter 11 and that makes perfect sense. After coming out of bankruptcy after almost a year, there was a lot of optimism and although things got somewhat back to normal, full recovery didn't happen due to disjointed cloud strategy and it's execution.