Thread regarding Windstream Corp. layoffs

When do we see a new strategy and plan ?

Worth a thread of its own - an earlier post from @12A2jaZj-the :

"My previous experience with a company in bankruptcy protection involved assets being sold to other companies with massive layoffs, then emerging as a smaller company with a very small product set followed by more layoffs and then shortly after that, being purchased by another company with more layoffs. We went from thousands to hundreds to a under a hundred to less than ten."
"One thing interesting that I have heard mentioned here already was that during reorg, we actually reorg'd and we saw the company actually making changes and could see it morphing into something else. Its weird that no changes are evident and no final company is even remotely taking shape or being hinted at. Makes me wonder if there is a plan at all or just an excuse to draw things out as long as possible to line a few peoples pockets."

This was my own experience at another big company in chapter 11 that survived and then later thrived – lots of major changes not just in headcount but also the company's strategy and direction.

Is that going to happen at Windstream? Or is going to be the same playbook with fewer players?

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| 2271 views | | 18 replies (last December 27, 2019) | Reply
Post ID: @OP+12BrT1b5

18 replies (most recent on top)

WS can’t get a plan in motion because it has too many C level big idea people with no clue what it actually takes to turn a profit. Does Lunar ring a bell guys? Before that it was the great GBOND modem give away while paying all the techs massive amounts of overtime in the process. That one was to prevent churn. Now it’s GPON finally a viable technology that if properly deployed and marketed can actually make a buck. BUT is there a transition plan in place to migrate from a copper world to a fiber optic world? If there is it won’t come from the failed Sr management who have time and time again made poor strategic choices and worse tactical implementation choices. The next year is going to be interesting.

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Post ID: @7pit+12BrT1b5

Same old strategy and plan as always, pocket every penny.

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Post ID: @3kgt+12BrT1b5

"Show me the money !!!!!!!" The Arkansas 5

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Post ID: @3epy+12BrT1b5

The KEIP money, along with legal fees is starting to look like it will be exponentially more than what the company manages to make from liquidating what they can. Well played execs. You ripped off the creditors, employees, and everyone else one last time before going out. True con artists, you should be proud.

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Post ID: @3atg+12BrT1b5

No one with any reasonable intellect should have any confidence that the leadership of Windstream is capable of anything other than running a shell game to distract from that the undeniable fact that they have no skill at running a company or turning a profit. All of the tricks and tools that they have and continue to employ fall into this mold. The only thing they will be successful at is making themselves money while deceiving creditors, employees, and the judge overseeing this process. They will keep trying to keep the ball moving so we dont see what is really going on, nothing, just a few execs continuing to deposit money into their bank accounts. If it were merely negligence that would be one thing, but there is obvious intent in how they are being deceptive, and that intent is to make as much money for themselves before the gig is up.

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Post ID: @3opm+12BrT1b5

Tonya new plan has been put out there. He plans on selling everything off and keepOmg the Clec customer base to try to Sell SDWan and Ucaas to them. Broadband and 4-5G backup. It’s the only model they have a chance with.

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Post ID: @3vdj+12BrT1b5

The WARN provision is per site. As long as they keep cuts below those thresholds at each physical location, it's not triggered.

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Post ID: @3cac+12BrT1b5

@12BrT1b5-3naa “It would be impossible to cut those numbers in that time frame without violating the WARN act. More than 50 in a 30 day period and you have to give 60 days notice.”

I know for a fact that people are being laid off without being given a 60 day notice.

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Post ID: @3tzm+12BrT1b5

”Since bankruptcy we have went from having ~12k employees to around 9k employees. It has been spread out so that it would not make the news“ -

It would be impossible to cut those numbers in that time frame without violating the WARN act. More than 50 in a 30 day period and you have to give 60 days notice

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Post ID: @3naa+12BrT1b5

Morally bankrupted people running a bankrupted company, don't expect any "plan" to benefit anyone but the Arkansas 5.

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Post ID: @2nda+12BrT1b5

RE: Post ID: @12BrT1b5-1csf

A lot of those jobs lost were due to outsourcing IT Support to IBM. A lot of talent squandered away for a few shiny stones more.

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Post ID: @2fvs+12BrT1b5

Since they are keeping "the plan" close to their vests, it does not bode well for the employees. Been there, done that.

I would guess the big sell-off is forthcoming and hopefully most of our comrades will retain their jobs or be able to find something quickly. I sincerely feel for the folks out in the rural areas where there isn't $hit for jobs.

From my heart, good luck to all of you.

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Post ID: @2ham+12BrT1b5

Report them to local news

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Post ID: @1cpq+12BrT1b5

Since bankruptcy we have went from having ~12k employees to around 9k employees. It has been spread out so that it would not make the news. CLEC is actively being marketed and many think that it being sold or spun off will be part of our plan to exit bankruptcy. The financials on the enterprise side are absolutely scary.

Nuvox and Paetec were on the verge of bankruptcy when we bought them bleeding money. Earthlink wasn't on the verge of bankruptcy but they had massive negative cashflow and were on the path. Those three CLEC acquisitions account for literally hundreds of millions of dollars a quarter in negative cashflow. Should have never been made.

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Post ID: @1csf+12BrT1b5

Let's just hope these motherf*ckers from windstream and uniti just disappear soon, this is just a big scam from the beginning. Hello SCE you need to investigate this.

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Post ID: @1yfc+12BrT1b5

Its “business as usual” with additional layoffs. That is their plan. That will drag this out a little longer so the top execs can milk a few extra million a piece.

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Post ID: @1mdx+12BrT1b5

They need to collapse and shutdown a majority of that CLEC network. They bought a number of companies and simply left their networks alone as stand alone entities. Win just turned up a few OC48s between the CLEC networks and called it a day. They never tried to cut costs and there would be SEVERAL millions of MRC to be saved in every market. Windstream didnt even try to do this which makes me believe this was just a plan to line a few execs pockets

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Post ID: @1xjf+12BrT1b5

In a word...yes.

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Post ID: @bgf+12BrT1b5

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