Thread regarding CenturyLink layoffs

"fiber is a winner whether is 5G or not,"

Tell that to the residential customers that CTL is going to saddle with fixed 5G wireless for broadband access.

Buy once, cry once. Yet these jokers are still going to waste time and money trying to find yet another silver bullet that will let them build out the network on the cheap.

Too many Level 3 “Storey Sympathizers “ here. Jeff came in with an agenda to dismantle the phone company and adapt what he deemed worthy to the Level 3 model. Our stock has plummeted and he’s rapidly running out of time. Enjoy your strike duty extended hours with out extra pay while we’re out.

• and here's yet another good article from yesterday that indicates the direction that Jeff Storey and the executive team are looking toward to replace the declining revenue from legacy consumer services. When Mr. Storey says that "fiber is a winner whether is 5G or not," what he means is that even 5G network topology is dependent on fiber transport for data backhaul from it's wireless tower nodes to its switching centers. The company that has the fiber network in place, and has it priced right, will get the backhaul business for 5G.

https://www.crn.com/news/networking/centurylink-ceo-5g-or-not-fiber-wins-

If you are still twisting copper, you may want to look at other skill sets.

Here is a good short financial article from today that outlines a couple of analyst opinions. It begins with stating that decline in legacy voice and data services will continue to effect our numbers and will drag revenue down another 5% in the next half of the year. However, another analyst sees CTL's free cash flow (FCF) gains of +20% to be the saving grace of the company. In case you don't understand it, free cash flow is the direct result of the cutbacks and layoffs that we have experienced. If legacy services lose another 5% revenue, it stands to reason that CTL will have to continue cutbacks or offset the revenue loss with revenue gains from other products to maintain free cash flow.

It's interesting to see what the article had to say about the effect of a Frontier restructuring may have on the entire industry in the summary paragraph.

You can go outside and scream at the sky all you want, but you work for a corporation, and these are the realities of the corporation and our entire industry right now. CTL executive management didn't lay off a lot of people and make drastic cutbacks because they are meanies who get kicks out of making peoples lives harder. They did it to keep the free cash flow from turning negative, and it's the only thing that is keeping investors and analysts happy as revenue from legacy operations declines. If you still have a job two years from now, you may want to send a thank you note to Jeff Story for understanding what it takes to keep you employed. Here's the article:

https://www.benzinga.com/analyst-ratings/analyst-color/19/08/14231735/wall-street-weighs-in-on-centurylinks-earnings

Without you i am lost. Packet switch boy.

Yes, I wasn't getting through on the toll free psychic line, so I used some data from the internet and added my own perspective of the report in my OP. I'm utterly amazed at the sheer ignorance of my co-workers sometimes.

If you want some perspective of your own in regard to which direction the company is going, you can read the transcript of the earnings conference call at this URL.

https://finance.yahoo.com/news/centurylink-inc-ctl-q2-2019-022401161.html

If you read between the lines of the executive gibberish, the bottom line is that CTL is cutting the products and services that don't provide an immediate good return on investment, and investing in products and services that do. They won't say anything about mergers and acquisitions at this time, and won't say anything about divesting unprofitable consumer wireline operations. The only good news for consumer markets is that the consumer broadband market is growing at speeds over 20Mbs.

From what I can see from this conference call, emphasis is being placed on expanding business enterprise and global accounts while expanding fiber networks in areas of demand or new products and services. There are a interesting comments about broadband self installs and online interactive installs on the consumer markets side.

Read it yourself, or call the toll free psychic line, or rely on the daily rumor mill for your information. The latter is probably the least accurate.

iGAM = interational global account management.
Enterprise = large business
SMB = small / medium business
CAF = The Federal Communication Commission Connect America Fund
Consumer = residential customers

Plus you copied this from the business section

"This isn't 1995. Every time you use the phrase "packet switched network", you lose whatever credibility you have in anonymity.
Look beyond the headline numbers. Landline loss is to be assumed and lack of significant investment into local broadband means Consumer is doomed to decline. SMB had the largest percentage decline, also not surprising after Irvin was shown the door and the unit was parted out. The real shocker (but not really) is despite all of the money being thrown at Enterprise, they still can't get traction in growing revenue. I'd say Morche should be polishing his resume except that he undoubtedly already is for his next opportunity and as a Friend of Jeff, he's got a pass or two. GAM isn't doing too badly so Lisa Miller seems like the next scapegoat to be sacrificed to the analyst gods."

Well all the new T1's I am working with tied into the switch must be an aberration I guess, that could not be voice related at all now could it so they can route it over Fiber.

This isn't 1995. Every time you use the phrase "packet switched network", you lose whatever credibility you have in anonymity.

Look beyond the headline numbers. Landline loss is to be assumed and lack of significant investment into local broadband means Consumer is doomed to decline. SMB had the largest percentage decline, also not surprising after Irvin was shown the door and the unit was parted out. The real shocker (but not really) is despite all of the money being thrown at Enterprise, they still can't get traction in growing revenue. I'd say Morche should be polishing his resume except that he undoubtedly already is for his next opportunity and as a Friend of Jeff, he's got a pass or two. GAM isn't doing too badly so Lisa Miller seems like the next scapegoat to be sacrificed to the analyst gods.

I keep hearing about legacy wire lines and their losses as the scape goat for all the problems, you never hear about the VOIP growth that a whole ton of these customers are a part of so revenue comes back thru there as well as Fiber to the Home now and Ethernet over copper, yes old school Dial tone is vanishing, but it is replaced by new technology.

The Money loss is in the Salaries we pay for profession spinners of propaganda that keep the leadership of Bell Companies employed.

The move revenue to a different bucket, doesn't mean that we don't have customers, so much slight of hand going on everywhere not just Centurylink.

Who wrote this?
I'm sure all the people that were laid off give a c-ap.
The stock will go down Thursday