Thread regarding Avaya layoffs

πŸ’° Is No Longer Cheap/Avaya is closer to 1.2-1.8b Annual Rev

The best hope for Avaya starts with the employees learning a few business basics. The more you all hold on to your forced narratives, the more others see Avaya as an organization filled with "Yes Men" 🀑 Clowns (just an expression + a Wo- where applicable).

Why would they risk everything to sneak a complicated $600m deal for cash if they have quick access to cash and a $3b rev coming in the door?

They literally took every risk to engineer the deal before they were forced to disclose that they would severely miss revenues. And then they still didn't file and shared they will continue to severely miss revenues SEVERELY is the Actual word in the SEC Filing

PS: the reason you all believe Avaya can survive based on monthly revenues is b/c money used to be cheap. For those of you who spend more time with selfies than math, let me explain.

All of Tech is imploding at present . Yet are they really? Rest of tech is not like Avaya. They are resetting and resizing. Why? Because $$ is no longer cheap. Avaya is a very special case. Avaya had severely messed up Operations (Accounting, Ethics, Contols) AND got themselves in a pickle by needing cash and having to agree to pay a lot of money for that cash. They even made that situation even worse by mis representing the revenue when asking for the expensive money.

The Common Denominator in all that is occuring in tech and the overall economy is money is no longer cheap. When it's cheap, companies have A LOT of flexibility. They can take many liberties. They just kick the can down the road and pay little to be given that opportunity. That is why you all keep chanting the same refrain as if you are fully self-funded via your client base. Because Avaya had no problem with you believing the revenue earned was just pure and clean funding for whichever group brought it in (Federal/SLED/Commercial, etc). Nope. For every $$ your client brings in, Avaya owes a multiple of it. And then some. And then some. No more free money πŸ€‘ to enable Avaya to kick the debt down the road.

Now it's too expensive to borrow money just to fund R&D, Innovation and Growth. Yet organizations still need R&D, Innovation and Growth. So How do they Do It? By cutting the waste. They have to work smarter. They can't just hire people because people "like" them. They need solid, hit the ground running, no need for training, pure Talent. So, that is why most people are very frustrated over the few that think their job is just to tell us all how great they are via social media. There is no room for it. We need transactible talent. Not positive narcissists.

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| 2331 views | | 5 replies (last December 8, 2022) | Reply
Post ID: @OP+1k3cGbNW

5 replies (most recent on top)

No mention of new CEO and future ? We know Q3 and Q4 are not good…..2022 revenues should close around 2-2,2 Bio….Faith in Masarek plan or not?????

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Post ID: @2atj+1k3cGbNW

Several reports share it is between 2.3-2.5 based on confirmed quarterly revenues.

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Post ID: @1adj+1k3cGbNW

We know this, they will have to look at the books on past quarters to see if it was accurate and that is what I am terrified about.

I am worried when the next round of layoffs will be and how many will be effected if they find something from the previous numbers or even if the release Q3/Q4.

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Post ID: @prt+1k3cGbNW

Avaya will be fine dudes, there is at least $1B in off balance sheet that can be made available if needed but it's not needed.

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Post ID: @gdp+1k3cGbNW

EXACTLY! First of all, if Avayas revenue was tracking at $3b, we would have filed our 10q and 10k and closed the book on JC and moved on to a new era. So. No. It is not $3b. And the reason the SEC filings use the language that they do is because the auditors have realized that they can't fact-support the subscription projections previously supported. And those projections were based on the $3b assumption. And the $3b assumption is based on the 90-100m seats 'claim' that leaders and presenters have been throwing around since late 2019. I would agree...the real revenue is more likely between $1-2b.

(The comments about cash hanging around are hysterical and pathetic. Cash reserved or held is for executive sign on bonuses and pension claims. Not to fund a failing business to make it look like it is succeeding)

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Post ID: @rzg+1k3cGbNW

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