You can bet your paycheck, you’re about to get parted out like a car at U-Pull it auto parts. They didn’t buy you, they inherited Windstream bc they owned your debt. The only way to recoup their money is sell you off.
Bye
12 replies (most recent on top)
No-one said they thought Elliott was a good company. Elliott is just coming in and picking up the pieces to make a profit. They are going to sell, spin-off, or take public parts of the company in the ways that maximize their ROI.
Yes this means lots of folks lose their jobs. I anticipate CLEC if they stay with the rest of the company to lose approx 60%-75% of their headcount over the couple of years. It is business. Too many of those positions are supporting services (Interconnect is a big one) that currently do nothing but cost the company money.
Elliot doesn't see alot of value in the CLEC networks. I have a strong suspicion that we will tell customers to find a new carrier in 90 days. Alot of customer are getting a letter in the mail by 2021. Welcome to win 2.0.
“Not quite accurate. Elliott swooped in and bought a bunch of our debt for pennies on the dollar after we went down the path to bankruptcy”
If you think Elliott believes Windstream is a good company you’ve lost your mind. They bought debt to takeover assets that were left over. They plan on selling you off piece by pierce. They’ll play along and make you think your special.
Why are YOU here whining about others expressing their thoughts and feelings??? Maybe you should take your own advice
https://twitter.com/TonyThomasWIN/status/1308166865320112128
The worst is over, nothing to worried about.
"Elliott is here to recoup the debt you didn’t pay them. "
Not quite accurate. Elliott swooped in and bought a bunch of our debt for pennies on the dollar after we went down the path to bankruptcy.
I plan to do my job once I hear honest answers from management. So may be a while. Busting butt and then getting laid off would be the worst course of action for most Windstreamers until a clear future plan is provided and detailing how employees will fare. We all know the LR5 are doing better than ever......isn't it time to care and share with others yet? Off to my ERG meeting to share my concerns and strategy
Be quiet Tony. Doors not locked.
Why don’t you people shut up and do your jobs until whatever happens, happens? Does incessantly whining every day make you feel like you were accomplishing something? I’ve got my resume out there too, but I don’t understand why some of you come here every single day to whine and b–ch as if you’re any better than the people who kiss a– on stream. If you’re already gone, then move on with your life. If you’re still here then do your job until you get laid off. My God, what a bunch of babies.
We burned through a $1B draw during the past 18 months of chapter 11. Take a look at the past performance. What's another $2B to burn through.
With Windstream new capital structure and access to (2) billion dollars you can bet TT will be able to milk the system for years to come. Will Elliott provide the same bonus structure to tea bags.
You Couldn’t have been more concise with how you describe the events coming down the pipe. Elliott doesn’t think you’re special, they inherited you when you decided not to pay your debt. The reason your balance sheet is clean is because you defaulted on your loan. Make no mistake Elliott is here to recoup the debt you didn’t pay them.