Avaya reveals new turnaround strategy: go bankrupt

Struggling unified comms vendor Avaya has announced a cunning new business strategy consisting of filing for bankruptcy, then rising once more like a phoenix from the flames.
The stated reason for opting for Chapter 11 protection is to enable the company to restructure its balance sheet, which seems be another way of saying ‘do something about the crippling amount of debt we’re in’.
It is, of course, standard business practice to euphemise frantically when things go wrong, and