Avaya: Networking giant Avaya files for Chapter 11 bankruptcy: 5 things to know – Times of India
Former networking giant Avaya Holdings Corp has filed for Chapter 11 bankruptcy and secured a financing of $780 million as it restructures its business. Earlier in September, Avaya had also announced restructuring, including job cuts, to reduce costs. Avaya’s shares have fallen nearly 99% last year. This is the second time that Avaya has filed … Read more