Avaya news layoffs

Avaya, a leading provider of business communications solutions, has been facing significant challenges in recent years, including declining revenue and profitability. As a result, the company has been undergoing a major restructuring effort, which has included layoffs and other cost-cutting measures.

Here are some recent news articles and updates on Avaya's layoffs:

• In October 2020, Avaya announced that it would be laying off approximately 1,000 employees, or about 10% of its global workforce, as part of a restructuring effort aimed at reducing costs and improving profitability. (Source: CRN)
• In January 2021, Avaya announced that it would be laying off an additional 1,500 employees, or about 15% of its global workforce, as part of a second phase of its restructuring effort. (Source: Business Wire)
• In March 2021, Avaya announced that it had completed its restructuring effort, which had resulted in the elimination of approximately 2,500 jobs, or about 25% of its global workforce. (Source: Avaya press release)
• In May 2021, Avaya announced that it would be laying off an additional 500 employees, or about 5% of its global workforce, as part of a further effort to reduce costs and improve profitability. (Source: CRN)

It's worth noting that Avaya has been undergoing a significant transformation in recent years, including the sale of its networking business to Extreme Networks and the acquisition of several other companies. The company has also been investing heavily in its cloud-based communications platform and other new technologies.

Here are some quotes from Avaya executives and analysts on the company's layoffs:

• "We are taking decisive action to reduce our costs and improve our profitability, while also investing in our future growth initiatives," said Jim Chirico, Avaya's CEO, in a statement. (Source: Avaya press release)
• "Avaya's restructuring effort is a necessary step to position the company for long-term success," said analyst Matt Davis of Canaccord Genuity. (Source: CRN)
• "The layoffs are a sign of the challenges that Avaya is facing in the market, but the company is taking the right steps to address those challenges and position itself for future growth," said analyst Brian White of Monness, Crespi, Hardt & Co. (Source: Business Wire)

Overall, Avaya's layoffs are a sign of the challenges that the company is facing in the market, but the company is taking the right steps to address those challenges and position itself for future growth.