Thread regarding Avaya layoffs

Q2 results

https://www.businesswire.com/news/home/20220510005634/en/Avaya-Reports-Second-Quarter-Fiscal-2022-Financial-Results

Has anyone been surprised by these quarterly results? I'm not surprised at all.

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Post ID: @OP+1gFJGEHp

2 replies (most recent on top)

Looks like "Payroll and benefit obligations" dropped 33.7% to $128 million since Sept 30th. Presumably the layoff rate must have been close to that...unless they converted them all to Russian contractors ;) go JC!

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Post ID: @twn+1gFJGEHp

It is high time the market analysts stop acting all PRO AVAYA because they get paid VERY WELL from the Avaya marketing team to downplay the fact that NONE of Avaya's promises in the last 2 years have proven to be true. They blamed earnings on an accounting error...yet that is not accurate. They thought they would have been bought by now. They deployed a scheme to falsely inflate the value of the company by A) Forcing as many customers as possible from their existing contracts to a subscription model; B) FALSELY reporting that all subscription deals = Cloud. NOT TRUE. Less than 10%. and NOW, C) THEY HAVE RUN OUT OF CLIENTS TO CONVERT. They are currently trying to force clients who are locked into 3-7 year deals to convert. They have no more room to keep up this game. GAME IS UP. GAME OVER.

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Post ID: @kjf+1gFJGEHp

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