It was clear the new CEO said there will be a reduction in force and it will be done quickly to offset the revenue miss. I am very concerned about my job and if I will get let go. I wanted to get your guys opinion on the town hall. What will this mean for the future and who do you think will be most impacted?
7 replies (most recent on top)
Ha ha ha ha. Don't be too jealous of Avaya stock grants for executives.....those are worthless!
If you think about it same spin, work smarter, faster and no indication of salary increase in these huge inflation times, our salary needs to increase by at least 10% but it won't, yet these dudes get huge sign on bonuses, free shares etc yet we are told we are not worth a salary increase, pathetic don't be fooled by this take the package and get out ASAP..
Some federal and SLED folks believe they will be fine for years. It's as if they live in a bubble where they believe they are a free standing company. Reality is, Avaya will be blocked from selling into most SLED and all Federal due to financial standing. Thus, they can immediately trim any people focused on growth. And then keep engineers and account support, even bring some tech talent over from commercial to maintain accounts (as it could take some time before SLED accounts could replace Avaya even if they wanted). Yet no one is insulated from this current reality.
I'm surprised that this surprises anyone. I left in 2015. Most missed managed company I've ever worked for in my life. When a company is unable to recognize and reward it's best employees and customers, whats left?
@Hans - Did the email indicate when those layoffs would be happening? 3000 is a lot of people.
3000 to be laid off, got an email by mistake today, I opened it before it was recalled, HR rang me in a panic demanded I say nothing..
It was a good intro to a new CEO. Much better energy than JC, but a wet sock could have accomplished that. I appreciated the transparency into the challenges that the company faces. I believe he said that they have to make up $250M in cuts... That's half of the existing Avaya workforce. I don't know how one could cut that deep. There are lots of places in the company that are already spread WAY too thin (and I agree way too thick in other places). I'm assuming that "quickly" means within a couple of weeks, and not within a couple of months. We'll see. I feel energized and hope that I'll be here for the turnaround.