Last email from KK clearly says that all on TPG&SL table to decide. From all the talk the options seems to be:
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Avaya goes ch11
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Avaya continues with CC sold to cover debt
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Avaya goes ch11 with CC sold to cover debt. Ch11 because revenue without CC won't pay the debt
Massive layoffs will come with any scenario. TPG&SL to decide before mid of December. Anyway as long as you still have value in the market, look for other options.
Good luck for all