While Avaya needs to retain solid talent now more than ever, it's just not worth anyone's time to wait for the last lifeboat off of the Titanic. They should have changed board leadership and C Suite a year ago...yet now the everyday employee is who is given their pink slip to account for the C Suite missteps in strategy and leadership. When market cap was $3.2b the BOD was arrogant and thought they were worth more than offers presented in 2019. Now, market cap is UNDER $1b and it does not appear there are many suitors looking to buy Avaya today. If you are a talent...please go promote your brand to a competitor as soon as possible before the market is flooded with Avayans. Q2 2022 Earnings are due the first/second week of May. Market Cap dropped independent of an earnings report. Just imagine what is bound to occur once the Q2 earnings are released. There is no indication that they are good. And Avaya will do as they always do, eliminate the "doers" and retain the same leaders who are steering the I'll fated ship. Note: The chairman of the board is the CEOs buddy from Seagate. He is not an independent leader serving objectively for the shareholders. He is the CEOs puppet!
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The CEO is like a bad gambler that needs help. He keeps doubling down on the wrong strategy and so any offers coming in now are for a fire sale and only interest would be on the customer base. Pennies on the dollar.
For anyone over 60 years..they offered 6 weeks and they had to sign an agreement to not work anywhere else for 6 mos or they owe the money back. I imagine they should be open to discussing a package with those willing to leave rather than having to cut....it's worth a discussion with your manager. Don't waste time with the entry level HR girls. Bypass them and go directly to head of HR and Legal. Some Vito guy in legal.
What sort of package can we expect and how do you go about it 🤔
I did not realize the BOD dynamic ..yet now that I look it is obvious. Chairman is another ops guy from Seagate. And they have led the company like an ops spread sheet, not like an innovation or digital transformation leader.
I'm most disturbed that the chairman has not been an objective steward for investors. He is simply the man to enable the other man in the good ol boy game of good ol boy business.