Thread regarding Avaya layoffs

Q2 Earnings 5/10, 🚫 Good. Market Cap @$785 Million. May/June Layoffs Inevitable

By July the organization will likely be unrecognizable. It is the ultimate test for the BOD to actually address the REAL problem with the company that should be soaring due to market opportunity and current market dynamics. The problem is never the dozens of AMs, SEs or support people they regularly rotate out of jobs, it is the Good 'Ol Boys who's leadership ideas failed. Avaya can't lose any more talent, yet they have an overabundance of dictator-like white men who always find budget to hire more reject white men buddies from their past days at Cisco (DP), Verizon (FC who is also brother-in-law to DP) or Seagate (JC, who strategically placed his buddy from Seagate as Chairman of BOD). Further evidence of good-ol-boy chronyism in detail in this on going litigation. The "accuser" admitted that he informed the man hiring him (DP) that he was fired for extremely inappropriate behavior. Separately, Avaya HR shared they were encouraged to fast-track the hiring process, therebye forgoing proper vetting. Thus, DP, who claimed he "knew" this employees claims of harrassment were not valid because he has known the buddy for over a decade and could verify his character, also knew that this buddy had not just a history, yet an extreme history of extremely inappropriate behavior in which he had little control over his own actions. Avaya allowed DP to unilaterly declare the employee was wrong to claim she had been harassed. Avaya has no safeguards for employees. No process to prevent dictator-like leaders. They are extremely liable for thier reckless lack of process and protections for employees. Avaya knowingly hired a man with a extreme background and then when this same employee repeated his behaviors they targeted and terminated his accuser. I do expect this to be cover of the WSJ when it goes to trial. And it should go all the way to trial verdict ( not settlement) to properly expose the layers of dysfunction.

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Post ID: @OP+1gvTneHJ

8 replies (most recent on top)

Interesting....All of it...and not in a good way.

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Post ID: @eedc+1gvTneHJ

$785m market cap? Try $485! How a company loses over $500 million in market cap in less than a month just shows they have been lying for several quarters.

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Post ID: @cvug+1gvTneHJ

A rising tide of opportunities and avaya can't grasp it, huge debt pile is the problem, unfortunately no one wants a corporate with a dirty balance sheet, $3.5b debt market cap $800m.. you figure out where this is going...

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Post ID: @2hxv+1gvTneHJ

I think the market analysis is now happening - share price has dropped 30% in the last month alone. And no surprise it’s dropped 70% from a year ago.

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Post ID: @2otb+1gvTneHJ

Avaya sales leadership is dictating that we sell partners subscription deals to book now that the partners could seel at a later date πŸ“… in some fancy accounting scheme. I feel this is highly unethical and borderline illegal. However, it is well known that if an employee at Avaya exercises their right to raise their πŸ‘ and follow the offically published Code of Conduct https://www.avaya.com/en/about-avaya/ethics-and-compliance/, they become a target 🎯 and will easily become the top of the list for the next RIF. They have no ethics process. Reviewing the updates on that lawsuit tell you everything you should know. Avaya will always be punitive and retaliate against anyone who does the right thing and speaks up. I suspect there is a significant amount of people who had an active ethics case, or a case they participated in within 6 mos of losing their job...I know of 5 people off of the top of my head where Ethics Case=Job Elimination and/or being Put on a Performance Plan‼️

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Post ID: @1wcw+1gvTneHJ

It is high time the Market Analysts do proper due diligence and address the bizarre "1400 NEW LOGOS" Claim! Signing an empty deal with Zero Revenue Tied should not be promoted as such. These are vapor "deals"
CASE IN POINT πŸ‘‰

  1. Q1 2022 Earnings Call. "It is clear that demand remains extremely strong as evidenced by our continued traction with new logos where we signed over 1,400 this quarter (JC)". All publicly available and contained within this link https://www.fool.com/earnings/call-transcripts/2022/02/10/avaya-holdings-corp-avya-q1-2022-earnings-call-tra/ . Yet curiously enough, check βœ”οΈ out...
  2. Q1 2022 Earnings Call : Question from Analyst, Lance Vitanza, Cowen : **"Lance Vitanza

Okay, great. Thanks. And just my follow up is the 1,400 new logos that you added in the quarter. And I apologize if I missed this, but could you give us at least a rough sense for how many of those new logos are taking One Cloud ARR services?

Kieran McGrath

Well, essentially just by – just looking at it, it's well over 60% are actually going for either cloud or a subscription hybrid offering.

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Post ID: @1jbk+1gvTneHJ

You Mean this case?
It's a WOW. Unbelievable that a publicly traded organization would go to such lengths to protect good 'ol boys and be so willing to attempt to disparage a women at this level. #MeToo x 1000!

https://www.pacermonitor.com/public/case/35666954/Raimondi_v_Avaya,_Inc_et_al

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Post ID: @tbz+1gvTneHJ

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