#15: Avaya Recovery Coming Soon, Say Execs
Also bouncing back into the countdown after first hitting our website in September was our Q&A with new Avaya CEO Alan Masarek and VP of channels John Lindsley.
We have chronicled Avaya’s financial struggles this year, just five years after it emerged from chapter 11 bankruptcy protection.
Masarek and Lindsley expressed confidence that the company’s cost-cutting measures (which have included layoffs) will be enough to help it start 2023 with a clean slate.
After its stock price fell to a mere 67 cents earlier this year, it has nearly doubled since, reaching $1.25 before the market’s close on Dec. 2.
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