I encourage all Employees to read this assessment of the recent negotations between Avaya & its Lenders. This clearly spells out that a deal to renegotiate & continue with Alan Masarek's plan was virtually complete, but was blocked by the agressive lender (Apollo). In good faith, Alan has done everything to move Avaya forward in the best interest of the remaining & future employees, Partners, Channels, customers, and to Avaya as a stand alone business. Alan brought Ring Central on board with a renegotiated contract in principle and I believe fully expected to turn the page. Alan knows that filing Bankruptcy will be the end of Avaya and that the lenders will try to sell Avaya off piece by piece to recoup their investment as customers leave & employees are further cut.
This strategy by the lender (Apollo) isn't in the best interest of the employees, it is in the best interest of Apollo. And unlike specific hit pieces in the press last week that talk like Bankruptcy is inevitable (Likely on the behest of Apollo), that is NOT TRUE as you can read from your largest shareholder. For those that are my age, Apollo is the equivalent to Gordon Gecko and they could care less about what happens to the company & employees. A deal and a plan from Alan was almost at the finish line and Gordon Gecko is playing every trick in the book to ki-l it including spreading news that Bankruptcy is inevitable & trying to float the idea that it could be good for the employees. It won't be. Time to speak up!!!!!!
https://twitter.com/dkl1897/status/1603931962552602624