The decision comes as the company grapples with severe financial difficulties, including overdue payments to employees and vendors
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The layoffs will amount to roughly 1,300 to 1,800 employees and is a part of its routine annual review process
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The job cuts will primarily target salaried staff within the company’s software and services division
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This workforce reduction, affecting around 1,000 employees globally, is expected to be completed by 30 September
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This is the second round of layoffs for the tech giant in 2024, following a similar move in February when nearly 4,000 employees were let go
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Additionally, the company has decreased its hiring rate, recruiting 33% fewer new employees compared to the previous year
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This latest round of reductions has further inflated the year’s overall layoff numbers, bringing the total to 1,24,517 employees affected across 384 companies globally
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While no teams are being entirely disbanded, significant impacts will be felt by National Geographic, local TV stations, Freeform, and the network’s marketing and publicity departments
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In addition to the go-to-customer restructure, Avaya has made “related operational changes” to align its sales, services, and engineering teams
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