Thread regarding Avaya layoffs

Global Reduction in Force Spring 2024

Creative Tactics= Deploying Shefali Shah & Akin Gump to shuffle the deck chairs in such a way to 'sidestep' laws and avoid paying fees/salary/penalties where possible, especially in EU countries

...to polish that Beautiful Balance Sheet to the point it sings to potential investors who will help buy out Apollo so the powers that be will be able to take over, ownership & board, and suddenly behave as if they are an amazing genius who started some amazing company with their own bare hands and their road bike, which was in fact a legacy of assets and IP of one of the longest running companies in the United States.

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| 1001 views | | 4 replies (last March 21, 2024) | Reply
Post ID: @OP+1rwFEj5L

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This needed to be done a long time ago. There’s no conspiracy or underhanded dealings. Of course the company will seek efficiency. Finally we have executives that are thinking long term.

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Post ID: @8plf+1rwFEj5L

Very deliberate. Rather than trickle them out while paying steep penalties to government or employees, they deployed a more strategic strategy to find work arounds to save money and get rid of more quicker. Just wait. Europe will be unrecognizable

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Post ID: @bhs+1rwFEj5L

It slowed because they decided to be more calculating. More strategic. Rather than just "cut" and be burdened with penalties and payouts, they decided to spend time identifying alternative strategies to save money and cut more heads more efficiently.

It's coming. Been in the works for over 6 mos. It will be big. Fast. And wipe out most of EU workforce.

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Post ID: @erk+1rwFEj5L

"'sidestep' laws and avoid paying fees/salary/penalties where possible, especially in EU countries"

Do you actually know this is happening? Because it has not happened in recent rounds in Europe at least.

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Post ID: @uha+1rwFEj5L

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