Thread regarding Avaya layoffs

Q2 numbers don't look good revenue

According to document filed by Avaya for March 2017's revenue , it is around ~245-250 millions.

Combined with the numbers for Jan/Feb 2017, Q2 2017's revenue appears to be around 450milliion, top 500mill. Way short of the forecast of ~780 presented by the execs team to BoD prior to filing and asking for bonus motion. It is about haft of last year's Q2. No surprise here but the exec will blame it on losing momentum in chapter 11 and competitors taking agressive cut at the sales.

Of course the creative accountants and EC team will find away to cut costs by lay offs and make up the wonderful EBITDA number for the the bonus.. Sickening.

Avaya is done folks!

by
| 1872 views | | 4 replies (last April 29, 2017) | Reply
Post ID: @OP+MZkYNFh

4 replies (most recent on top)

Over $800million in revenue for Q2, I bet this poster feels dumb.......

by
| | Reply
Post ID: @3utg+MZkYNFh

First, Chirico is an absolute moron and a liar, so everything he says can be dismissed as nonsense. The reality is that as the company's revenues continue to decline, the creditors become even less interested in owning Avaya. It WILL be liquidated - there is no question about that. If the creditors had any confidence in the restructuring plan and Avaya's success going forward, they would have already agreed to the plan. In fact, they would have agreed to it BEFORE it became necessary to find C-11. Regardless of how passionately some of the field people may feel, this ship is going down and everyone would be well advised to bail out now. What's comical beyond belief is that the so-called leadership keeps telling everyone that we will emerge from bankruptcy stronger and better. WTF? How can any experienced manager actually believe that nonsense. It's pathetic that they continue to mislead their teams while plotting the next round of layoffs. What's even more insanity is that we're still forced to complete "TalentMaker" exercises. Seriously? As if that actually matters to anyone. They're just going through the motions as if this were a real company. This has been a great study in how greed, incompetence, and delusional thinking has taken a once great company down.

by
| | Reply
Post ID: @ilp+MZkYNFh

and you believe the sale weasel ? Get out before it's too late!

by
| | Reply
Post ID: @gkf+MZkYNFh

But didn't someone said a two weeks ago that Chirico said congratulations to a strong quarter?

Are they mad ?

KK better resigns and walks away from this mess

by
| | Reply
Post ID: @vpx+MZkYNFh

Post a reply

: