Severance packages. saw mention of Florida. Any other states? share info please. Stop the woke stuff please. This is all about Jeff Storey. Kate Johnson is probably in over her head. The root of this problem is the debt Lumen carries and the... — read more
Veterans laid off at Lumen - impact on federal contracts, grants and subsidies?
Lumen has $ billions in federal contracts, grants and subsidies. What are the impacts on those contracts, grants and subsidies if they are not meeting federal guidelines for recruiting and retaining veterans (see VEVRAA)?
Thoughts on the earnings pop-up call tomorrow 11/2
Do you think they'll limit & censor questions? I wasn't on the last one, so I'm not familiar on how they run them. I'd expect tough questions if they allow people to be "transparent" using their keyword. Dare to disrupt
Maybe LUMEN should fire all the diversity officers and 1/2 of the HR department?
The title says it all.
Just hit $0.99
Why hasn't there been a reverse split?
2023 RIF. My turn, thank you.
U.S. employees got notices, and not just copper or telco necessarily, across the board. Lumen runs very asset and sales heavy, underfunded for years in ops and strategic portfolio development. From a leadership perspective, Lumen had to do this... — read more
Lumen announces 1,200 layoffs as ‘revenue headwinds’ continue
Lumen will lay off 4% of its workforce as it continues to deal with nearly $20 billion in debt, CEO Kate Johnson announced during third-quarter earnings today. https://www.fiercetelecom.com/telecom/lumen-cuts-1200-revenue-headwinds-continue
Daring Leadership
Vague fluff email right before earnings call.
$1.12 a share, here comes .99 and being delisted
I hope nobody is holding this stock in your 401k's or private accounts. Kate isn't making believers with investors. Protect your finances, it's not like things are improving. Another 2-3k will loss their jobs in 2024 on top of the 1200 announced... — read more
I was laid off
It’s true…laying off 4%
Happy Holidays!
The workforce reduction is expected to be "substantially completed" by the end of the fourth quarter of 2023. So now 30000 employees have to worry and wait to hear if they are one of the 1200. Employee lives on hold for the next 3 months and a bad... — read more
Lumen Technologies Inc (LUMN) Reports Q3 2023 Earnings: Net Loss of $78 Million
https://finance.yahoo.com/news/lumen-technologies-inc-lumn-reports-220502303.html Lumen Technologies Inc (NYSE:LUMN) reported a net loss of $78 million for Q3 2023, compared to a net income of $578 million for Q3 2022. Enterprise Channel revenue... — read more
4%
1200
Lumen on Yahoo Finance
https://finance.yahoo.com/news/strong-week-lumen-technologies-nyse-105121435.html Good reading ahead of the earnings call.
A blind squirrel found a nut
WOW! We closed today at $1.49. interesting....a day before earnings announcement. Other than possibly tied to Q3 earnings, any one have any thoughts why we closed so high today?
Sounds like RIFs coming today
RIF first, earnings call tomorrow, Colt divestiture close on Wednesday then rumors of a sale or partial sale.
New class action lawsuit against us.
New class action law suit covering 2019 to 2023 seeking billions in damages. Looks like if your an investor, you have until November 11th to get in on the class action lawsuit. The case is about the lead cable we have in the ground and the last... — read more
FCC Fines Lumen $867K For 911 Outage
https://www.natlawreview.com/article/telecom-alert-very-low-power-devices-6-ghz-band-bias-reclassification-proposal-867k $867K Fine for 911 Violations The FCC issued a Notice of Apparent Liability to Lumen Technologies, Inc. (“Lumen”) last week for... — read more
New SVP... aarguh more bloat
Whoop whoop whoop another member has been added to the $500k a year SVP team! Up to 26 and counting! We need more VP's like we need another wave of Covid19. This new one has a track record of about 2.5 years in each previous role. What were they... — read more
Flush Again
I believe we are at the highest and lowest stock dollar figure for LUMN. Floating between $1.27 and $1.34. I follow this stock and sadly the 52-week window is now $7.64 to $1.27. Last month the window was $8.95 to $1.31. Eventually, the 52 week... — read more
Fixed wireless
Lumen shuts down all of its fixed wireless. Never sold it to 1 customer. Took the CAF money for it.
This can be us after chapter 11
https://cordcuttersnews.com/t-mobile-is-reportedly-about-to-buy-a-cable-tv-company/?fbclid=IwAR2W6gjr5N7AFMziuv6Iq3gsaCSHnndzi7734vvi9CkBYs6ln_AfHWZM-FQ
7G is a joke
You saw a 4K TV at Costco with beautiful images playing. It was so impressive that you decided to buy it. Once connected at your home, you realize the images of your TV shows are not as sharp as they were at Costco. That's because in order for you to... — read more
Colt ain't gonna pay $1.8 Billion for the EMEA Basketcase
Colt ain't gonna pay $1.8 Billion for the EMEA Basketcase because that figure of $1.8bn was based on the EMEA side of the house hitting its revenue and sales targets and they are way behind, so Colt are gonna get it at much less. and even nif Lumen... — read more
Prescriptions costs are going up
You will be paying a lot more in 2024 for your prescriptions.
How many of us are still shareholders?
Use the reaction button + for yes & - for no. On the insider stock tracker sites the last true buys were in November of 2022. The 2023 activity is all awarded shares via bonuses etc.
Telco heads to Tech heads?
I am confused. We are a telco. We sell mostly connectivity and voice- the classic telco stuff. Yeah there is some enterprise targeted business... Where is the tech coming from? Yes, its all technology-based but we are not a tech company. We are a... — read more
Culture
According to Gallup, significant cultural transformation within a company typically takes 3-5 years. Year 1 of the Kate Regime is almost in the books and many of you are drinking the kool-aid, but that's not transformation. Do we as a company have... — read more
Coffee with Kate and/or the Lumen Apology Tour
Either one fits the sh-t show that was yesterday for 2 hours. I'm just going to comment on 1 thing. The apologies for the mistakes made by senior management. Really? If senior management was serious about turning this company around it would start... — read more
Kate's Town Hall with Brene Brown 10/12.
I'm surprised no one has posted yet. The last segment with Brown is the stupidest thing I've had to listen to. We are crashing and burning and we are listening to our CEO get a counseling session from this foul-mouthed author who loves to brag that... — read more
Nobody wants to do any work at Lumen
Yet another frustrating day of trying to find anyone willing to work at Lumen or at least work with me to get things done. Internally, I think the place is as close to being paralyzed as you can get. People in meetings all day but nobody is really... — read more
Price For Life price increase
https://www.denverpost.com/2023/10/10/centurylink-customers-price-for-life-bills-increase/
Clean up continues- CDN
CDN customers sold to Akamai. Was an insignificant business with no hope of competing with Akam or Cloudflare. Hope there is more behind the scenes for Akamai to use the Lumen network.
Lumen Strong Lumen Proud
https://www.ketv.com/article/centurylink-customers-call-on-company-to-fix-phones/45365202
Too much!
Do we really need all the email communications from our crack corporate communications department? 2, 3, 4 a day? Really? Make it go away! Do we really have that much good news to share company wide?
Q3 earnings will be released on October 31
https://news.lumen.com/2023-10-03-Lumen-Technologies-sets-third-quarter-2023-earnings-call-date
Giddy with excitement!
It's Employee Satisfaction Survey time! Yippee Skipee! Who fills these out truthfully either good or bad? Who lies and fills these out with rosy positive answers, when you think and believe just the opposite? Who says sc-ew it, and doesn't even... — read more
We survived another month! It's a New Month New Quater
Survival! We made to the end of another month and the end of the 3rd quarter gang! It's the final lap, heading into Q4 and EOY. How do you think we did this quarter? Thoughts for the rest of the year?