<!–
–>
09 Sep 2022 12:01
|
–
–
–
–
Avaya closes business in Russia. The office is closed and the staff are threatened with dismissal. What caused it is not known. These are either anti-Russian sanctions or part of Avaya’s plan to massively lay off staff around the world due to severe financial problems.
Russia and Avaya separate
The American company Avaya leaves Russia. This is not a temporary suspension of activities, but a complete reduction in activity. The first to report it Telegram channel “Replacing the import in IT. Equipment and software ”with reference to the employees of the Russian office of the company.
Avaya is specialized in development e construction corporate communication networks. On average, around 43% of a company’s revenue is generated by its foreign affiliates, including the Russian one. Avaya is one of the main competitors past From Russia Cisco.
According to the available data, Avaya’s representative office in Russia will be completely dissolved, despite having brought the company, albeit small by the standards of a transnational corporation, but still profit. Personal Russian office will be dissolved.
Avaya was founded in 2000 and is headquartered in the United States. The company decided to open its representative office in Russia in the first years of its existence. The idea was implemented in August 2005, when In moscow Avaya CIS LLC appeared.
Read more about Avaya’s Russian “daughter”
The Russian legal entity Avaya was registered with an authorized capital of 22.98 million rubles. (data Unified State Register of Legal Entities). It has no Russian founders: the company is wholly owned by two foreign organizations, Avaya’s representative offices in Luxenburg.
Will Avaya return to Russia is a very big question
–
The position of General Manager of Avaya CSI»Since 2010 is Alexander Parkhomenko. According to the results of 2021, the company received revenue in the amount of 1.3 billion rubles. as compared to covid 2020, the decline was 4% (data “contour focus»).
At the same time, the amount of net profit in 2021 reached 245.4 million rubles. The actual number of Avaya CIS personnel as of September 2022 has not been established. As of December 31, 2021, the company employed around 70 people.
Isn’t it a question of sanctions?
The reasons why Avaya’s management decided to liquidate the company’s Russian office were not disclosed when the material was released. In addition, it is unknown how long Avaya CIS’s liquidation process will take or whether its employees will receive compensation or an offer to move to another country to continue working for Avaya.
One reason could be the anti-Russian sanctions that hit the country after February 24, 2022. Hundreds of foreign companies have left Russia, many of them directly linked to the international computer sphere. The lion’s share among them is American corporations.
Maxim Sapronov: Avito Tech is the technological heart of the company, where all services are created
Safety
–
–
But it could also turn out that the main reason for Avaya’s departure from Russia was not at all sanctions. The company is in an unenviable financial position in the last years of its existence.
What’s wrong with Avaya Money
A great example financial Company instability is where Avaya found itself in early 2017. It was forced to file for bankruptcy. Documentation attached to the statement states that the company’s total assets are valued at $ 5.5 billion, while its total debt is $ 6.3 billion.
By declaring bankruptcy, Avaya hoped to restructure its liabilities and rebuild its business. How informed CNews, Avaya completed the financial restructuring in mid-December 2017.
However, almost six years later, the situation hasn’t changed much. 2018 for Avaya was marked by the holding company IPO On New York Stock Exchange. But for the full year, its revenue dropped 13% to $ 2.9 billion from 2017. In 2019, revenue was $ 2.89 billion.
Anton Smirnov, AI Cloud: the magic of AI begins in which servers are combined into “teams”
Artificial intelligence
–
–
In 2020 and 2021 the company failed to improve its position. It completed 2021 with slightly increased revenue (up to $ 2.97 billion). But instead of the net profit, the company earned net loss for an amount of 13 million dollars.
It has gotten to the point that in early September 2022 Avaya announced a massive reduction in its staff worldwide. It is not yet known how many people it will deprive workplacesbut, according to the company, by reducing its staff, it will be able to save up to $ 250 million a year.
–
