Pros
- Employees are committed and capable - Opportunity to be part of a truly global operation - Large (but declining) customer base - Many and diverse programs in which to work and grow
Cons
In February 2016, Moody's downgraded Avaya to Caa1: "The downgrade was driven by continued declines in performance as well as concerns about the sustainability of the current capital structure including its ability to refinance $600 million of debt maturing in 2017. " Avaya was one of the last, leveraged buy-outs. The purchasers saddled us with an enormous debt, which the company has struggled to repay on an interest-only basis. A policy of kicking the can down the road has made restructuring all but inevitable. Other cons: - Virtual office status revoked for all US employees - Frequent rounds of layoffs, including up to one third of staff recently in the Ottawa office - Anual 401K contribution works out to about $600 for many this year