'Best Path Forward'
Avaya released a slew of new information regarding its reorganization plan and strategy to combat its $6 billion debt, including a failed attempt to sell off its contact center business, according to a recent filing with the U.S. Bankruptcy Court for the Southern District of New York.
In January, Avaya filed for Chapter 11 bankruptcy in a move CEO Kevin Kennedy said was the "best path forward." The Santa Clara, Calif.-based unified communications specialist recently revealed it filed a reorganization plan that outlines a path to strengthen its balance sheet.
Here are 10 things channel partners need to know about Avaya's reorganization plan, cost-cutting initiatives and expectations for the future.