KJ even thinks about how many careers she has lay wasted to, good, experienced loyal employees that gave their all through many mergers, only to be sent packing for the almighty dollar , to try to pay mortgages and support families.....
Money
Lumen has no money. They are cooking the books to look good. Hiding things. They are calling in markers desperately wanting ppl to pay up. This is a hole we won't get out of.
Black Lotus Labs Is "The Holy Grail" for PREVENTING Attacks From the Outside, Protecting the Inside on Global Scale. Lumen's Expert Explains How
https://x.com/lumentechco/status/1788252548874510469
Public Markets/Large Enterprise Producer from LVLT Days Goneby Resigns?
Why didn't Kate say goodbye? He claims responsibility for growing Public Markets at double digits and fixing Enterprise Sales. Not sure how much is hyperbole since his entire tenure hasn't grown Public Markets nearly enough reviewing TAM vs... — read more
EVP Legal General Counsel out - woke Harvard/Disney Chad to take his place.
Stacey Goff hung in there placating the CTL Board for years. Now he is leaving. Chad Ho, graduate of Standford undergrad and Harvard Law, and the legal technology teams of Sabre Corporation, The Walt Disney Company, Hulu, and Myspace is moving in. ... — read more
Kate Goes "All In" With Another 750K Shares. Thank you, Lady Kate.
https://www.sec.gov/Archives/edgar/data/18926/000001892624000056/xslF345X05/wk-form4_1714738669.xml
Pension funding is down to 89% from 103%
Thankfully, the clown show was able to push the debt out & not declare a chapter 11 reorganization. I was worried I'd be stuck with the trash annuity versus a lump sum under my control when I retire at the end of the year. In chapter 11, the lump... — read more
Let’s not forget…
Let’s not forget that late last year Kate “invested “ 1 million dollars of her own money when Lumen stock hit under $1… I mean… she still making 300k in the stock market… no blister in her heel yet… I guess if my salary was 4Mill/year and I had a... — read more
Q1 Earnings
Nothing to brag about. I don't see how this company can last more than a year or two with revenues declining like they have been. https://news.lumen.com/2024-04-30-Lumen-Technologies-reports-first-quarter-2024-results Reported Net Income of $57... — read more
I'm constantly stressed out due to an unhealthy work environment
How do people work here and not have anxiety? This is a genuine question. How do you deal with all the bullying, backstabbing, and mobbing knowing that HR will be of no use if you report the perpetrators?
Lumen
Not my circus. Not my monkey
Namaste India
Cut all these IT jobs and move them to India, that's what's happening, been slowly moving this way for many many years. Good luck with that Chad, the people they hire are right out of college and are just looking to get some skills and go find a... — read more
Questions
Lumen sold To brightspped for ? Sold mineral for ? Sold boulder for? Sold fleet garage for ? Plus other buildings for ? Where did all the monies go?
Possible buy out or merger
Windstream hired at least three former executives from Lumen and they have came in and making changes like crazy. Layoffs for the last several months, including today. Rumor is a possible merger or buyout 4th quarter. Your thoughts?
Lumen has 166 jobs posted in America
but we are laying people off
Kathleen Lutito, president and CIO to "retire"
Kathleen Lutito, president and CIO of Lumen Technologies’ corporate defined benefit plan, CenturyLink Investment Management, will retire effective May 3, a spokesperson for the company told CIO.
The Cult of Lumen
Unfortunately, Lumen has descended into full cult-mode, with Kate as spiritual leader. While we often refer to transformation, a better word is evangelization - with a nigh-on religious belief over strategy taking hold. Most recently this was... — read more
Let Layoffs Continue Until This God Forsaken Company Finally Sells Enough "Services" or The Whole Company
At maybe 2K ees, it's barely 30 percent of the RIF we keep wishing for. Can't sell enough services or provide value added "savings" from your position, let the head counts keep rolling since this is fundamental Capitalism vs. Socialism. Kate tricked... — read more
Is it true?
Did they just lay off a bunch of engineers,, with Friday being their last day,, but DIDN'T take away their access to virtually every core device on the network in the mean time? This company is either very trusting or very stupid. I suspect the... — read more
Lumen layoffs
It was 660 people yesterday. 2 weeks ago it was voluntary and they. Only got 200. Had we known 2,000 people were being laid off we could have made a more informed decision about the voluntary separation
More Layoffs Today
600 people being notified today. 2.5% of the Lumen workforce.
Another layoff!
660 Lumen employees in the US and Canada have been laid off I remember when Kate first laid off the 1200 stating that would be it, guess they didn’t reach their EOI goal
Lumen Stock Price
Does KJ and team know what they are doing? Stock price fell from $1.75 to $1.32 in the 30 day chart! The talk of a 15x RSS seems really weird. If they reduce outstanding shares down to 15x the current price that would take share price way too high... — read more
Final exit
I was one of those techs who wanted OUT, and was rejected, I quit, because my health was failing - with no severance package. I appealed to Kate & Kye in an email to reconsider a severance package - silence. Loved my 35+yr career in the industry... — read more
Multi State 911 outage do to light pole?
Did you hear about the multi State 911 outage? The article states the outage was from a single light pole? Sounds off to me. https://www.nbcnews.com/tech/tech-news/multistate-911-outage-shows-fragility-systems-experts-say-rcna148475
EOI
There are a lot of seasoned employees would like off this sinking ship. But Kate and crew won’t do it. Even though they can replace them with cheaper help. But she would listen to directors who have no clue and MRO who are just trying to save there... — read more
employee engagement survey
it will be interesting to see how senior management spins the results.
No support for legacy technology
If you need support for any legacy technology be it a TDM switch or some other equipment good luck. There is no more support for central office techs. The company has lost all its human resources who knew this equipment. Call into the NOC now and all... — read more
Target 3000?
Word on the street is 2,000 took the package, 3,000 was the target number, so the question is, when does the other shoe drop?
Passed On EOI... Now Wanting RIF'd ?
How about you? Might even be a better deal than leaving voluntary. If RIF'd you have a shot at unemployment as the sweetener.
EOI are you approved or denied?
From what I've heard this whole EOI is a sh-t show, people just get a middle finger insead of retirement severance package.
chances of getting a raise this or next quarter?
what do you all think about that with how the company is currently looking like? haven't gotten or inquired about a raise in the 2.5 years I have been here
Any thoughts on the Reverse Stock Split?
This morning Kate announced a range of between 1 for 15 and 1 for 25 reverse stock split. Any thoughts? Reverse splits never work. If Microsoft was close to buying this company, they wouldnt need to RS. I think all hope is lost. Bankruptcy may be... — read more
Bankruptcy seems unlikely
Didn't Lumen just complete a full restructuring of their debt with creditors? How could Lumen be in distress if they just punted that debt ball out about five years? Bankruptcy seems unlikely. They'll just sell off stuff and then look for a buyer for... — read more
Dare to Lead Certification
My linked in is being flooded with all these new certifications from the “Dare to lead” trainings. Crazy how people think that is a great certification to show off while Lumen is currently firing left and right. Why spend so much money with Brene... — read more
https://www.lightreading.com/finance/commscope-lumen-dish-named-as-most-distressed-telecom-companies
04/03/2024 CommScope, Lumen Technologies and Dish Network are facing extremely difficult financial situations and may pursue some kind of restructuring – including bankruptcy
April 8-th Cut Day
Those who opted in to take the voluntary offer will be notified on April 8th that April 12-th is their last day. On the same 8-th day the RIF list will be communicated to those being terminated. Maybe employees should call in sick on April 8-th.
Microsoft buy us already
who else is riding the wave until microsoft buys us out? any idea when it might happen?