#rumor

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AT&T

I'm hearing rumors AT&T wants to close the Lumen deal before the end of the year. This might explain why.

AT&T announced yesterday that they will pay EchoStar $23 billion in cash to acquire a portion of EchoStar's wireless spectrum licenses, specifically 30 MHz of mid-band (3.45 GHz) and 20 MHz of low-band (600 MHz) spectrum - the deal is expected to close sometime in mid-2026


Name the album

Name the album that best sums up this cluster f*ck of a reorg. I'll start with Rumours by Fleetwood Mac. One rumour I've heard is that maint contractors are busy looking elsewhere and doing a lot less work as they know they'll be gone soon to Engine.


Are firings up?

Like many or most of us, my group continues to see layoffs. But I have seen no one be fired even though I think they could easily make a case for some of them.

Is this the norm in your group as well?


Any Lower-Mid Manager Affected?

There was a lot of hype here about how the entire mid-management layers would be obliterated in this recent LR. Some of us expressed disbelief . Like clockwork, I don’t see any evidence of that at least in tech presales. Our total waste-of-space managers in the U.K. market are swaggering around with big smiles on their faces. So much for the rumour mongering.


Conflict of interest?

Serious question — what’s the point of keeping husband-and-wife combos in the same department or even the same company? It always turns messy. Conflicts of interest, favouritism, gossip, and when it goes sour (and it usually does), everyone else has to pick up the fallout.

Plenty of qualified people out there looking for a chance, but instead we’ve got couples playing house on the company dime. Is it really worth the drama?


From google ai on Elliott Investment Management historical results:

As an activist hedge fund, Elliott Investment Management pushes for changes that often result in significant layoffs at the companies it invests in. While Elliott does not directly manage the day-to-day operations, its influence on corporate boards and demands for cost-cutting and restructuring have been closely linked to job cuts.
Examples of layoffs connected to Elliott Management
Southwest Airlines (2025): After Elliott acquired a major stake and secured board seats, the airline announced its first-ever company-wide layoffs. Critics believe this action was influenced by Elliott's push for profitability.
Salesforce (2023): Following Elliott's investment, Salesforce cut 10% of its workforce. Employees reportedly feared further layoffs due to Elliott's pressure for cost reductions and improved profitability.
AT&T (2019): After Elliott took a stake and demanded a strategic overhaul, AT&T cut tens of thousands of jobs and accelerated mass firings. This is viewed by critics as an example of Elliott's strategy prioritizing shareholder returns over employees.
Athenahealth (2018): After an Elliott subsidiary led a buyout, the company laid off employees, sold assets, and went private.
Juniper Networks (2015): Elliott's push for cost reductions at Juniper Networks reportedly led to job cuts at the tech company.
Why Elliott Management is linked to layoffs
Activist investor strategy: Elliott is known for "activist investing," where it buys a large stake in a company and then pushes for major changes to increase its stock value.
Focus on cost-cutting: Their playbook often involves demanding aggressive cost reductions, including slashing perceived "non-essential" departments to boost profits.
Control through board seats: The hedge fund often seeks control by gaining seats on a company's board, giving it direct influence over restructuring and personnel decisions.
Pressure for asset sales: Elliott sometimes advocates for selling off company assets to create cash for investors, which can destabilize operations and result in layoffs.


Survivor guilt

Anybody else feeling this way knowing that people with more experience (who helped me when I needed it the most) have been laid off? I'm grateful I still have a job, don't get me wrong, but I still feel incredibly guilty, even though I know none of this had anything to do with me.


Calm Before The Storm

This Board has gone de-ad quick. Is it vacations or are u afraid to discuss layoffs all of a sudden ? Jerome Powell spooked us all at Jackson Hole today with Fedspeake and Cap Management made some darn good cashola today with those coinbase and Intel positions...back in black sooner than you'll ever know...