10 More Crushing 2012 Tech Industry Layoffs

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CEO: Kevin Kennedy

Avaya's finances don't paint the prettiest picture at present, and the company in September said it would include layoffs in an effort to cut between $135 million and $235 million in operating costs during it new fiscal year. Avaya, which has about 17,000 employees worldwide, hasn't confirmed the scope of the layoffs. For the quarter ended June 30, 2012, it reported $1.25 billion in revenue and a $166 million loss.

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