Avaya Holdings Corp.

NYSE:AVYA   3:59:54 PM EDT
1.48
-0.11 (-6.92%)
Layoffs, Earnings Announcements

Avaya Holdings Corp - On September 5, 2022, Avaya Holdings Corp Authorized A Reduction In Force

Published: 09/06/2022 21:40 GMT
Avaya Holdings Corp. (AVYA) - Avaya Holdings Corp - on September 5, 2022, Avaya Holdings Corp.
(“avaya” Or the “company”) Authorized a Reduction in Force.
Avaya Holdings Corp - Company Estimates That It Will Incur Approximately $23 Million to $26 Million in Pre-tax Restructuring Charges.
Avaya Holdings Corp - Expects to Recognize Substantially All of These Pre-tax Restructuring Charges in Q4 of Fiscal 2022.
Avaya Holdings Corp - Reduction in Force Will Operationalize More Than $250 Million of Annual Cost Reductions.
Avaya - Expects to Operationalize Additional Cost Reduction Actions That Will Include Workforce Reductions, Other Incremental Cost Reduction Actions.
Revenue is expected to be $633.93 Million
Adjusted EPS is expected to be -$0.09

Next Quarter Revenue Guidance is expected to be $685.15 Million
Next Quarter EPS Guidance is expected to be $0.03

More details on our Analysts Page.