New BOD is having Monthly meetings. One would suspect monthly steps to get company on good standing. Layoffs have to be on agenda monthly. Whatever reserves were held, Uniti and Government freebies given. The company is churning through cash. Colo exits, tdm vacates, and renewal costs are eating away any positive. Wonder what number needs to be cut in March?
11 replies (most recent on top)
My boss said I have something amazing for you all on Friday to end appreciation week ...a flipping email with a very large gif that said Thank you. Way to hype up your group for a big freaking let down but that's to be expected everyday dam day at this place
IP Engineering is particularly lucky they get to do two different Time Studies at the same time. Report time spent on Capital projects and defend our job. But, don't forget the "tons of appreciation" from leadership and culture crews all this week. More empty words.
Beware the Time study! That's where they look to find victims for RIFs
Hopefully they'll see soon that the biggest ho-e that's taking this ship down sits at the top and talks a lot but says nothing.
This has also been driven because of our relationship with unity. Take a look at their latest earnings announcement. Uncle Kenny is making money and paying out dividends.
The board and investors are trying to right the ship.
Shuffle the deck, pass cards out, switch hands, blame the cards for losing, shuffle, repeat steps and get same result.
Personal theory: Based on questions being asked and frequency. Board and Elliott smell a rat and are trying to figure out exactly how they are being lied to.
@abisbee
We are bleeding to death from a 1000 cuts. You're correct that there wasn't one large layoff. HR now how more scheduled layoffs to not trigger the WARN act. Instead of letting a team of 20 or 30 go at one time, we lose 1 or 2 a few times a year.
Elliot is meeting with the board every month on sale strategy in whole or business units, reviewing monthly cash bleed, and having an exit plan.
The sky is falling!!!! WIN has not had a large layoff in the last year. A few here and there, nothing major. The worse is over, take a deep breath.
Cash in is less that cash out (expenses)
Cut expenses (people)
If cash in equals expenses sell company
In all seriousness I'm sure they will be staggering them throughout the year. I don't forsee any big round of layoffs unless we get bought out.
Is there a sign up sheet? I have lost count how many layoff rounds I have been through but know it is well over 30.