With turnaround complete, Avaya’s future is bright | IT World Canada News ...Middle East

What a difference 15 months can make. When Alan Masarek was appointed as the president and CEO of Avaya Holdings Corp. on July 28, 2022, the company’s financial state was so dire it really could not get any worse. It was bad, very bad, and in December of that year, the inevitable happened, with the Wall Street Journal reporting that the “company is nearing a Chapter 11 bankruptcy filing to restructure its balance sheet, in a bid to turn around its business and move past accounting problems.” This was not the first time the company had filed for Chapter 11, but the second. By early the next month, and with its shares transformed to penny stock, veteran communications and telecom analyst Jon

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