Thread regarding Lumen Technologies layoffs

Ok, bankruptcy. Then what? Poor shareholders? Who cares. Poor board of directors? Who cares. Do the doom and gloomers think the business closes? Internet shuts off? People can no longer order service? 911, elevator, security cameras and alarms quit working? Your Netflix won’t connect? See, still needs people to keep the daily business running. Before you reply…yea, sell off the local exchange….you think that portion closes? See bright speed. Needs employees right? Do you realize how stupid you sound now saying everyone is going to lose their job? But sure, stay bitter about a company you no longer work for and keep praying everyone loses their job so you feel better about yourself.

SVP’s of sales that were any good at all have found other jobs. The two left couldn’t find a comparable job if their life depended on it. They will be there when it implodes with stock options at $0

Handle man has been spot on for well over a year. Say what you want, they have been very accurate.

“ Fired? I walked out on my own, bitter Yes man! You get a Vspp? Wow! Su---r! You’re a fools fool! Congrats! I collect mine every 2 weeks as well buffoon!”

And yet here I am still employed and you are so bu-t hurt about a company you supposedly walked away from that you post daily on a layoff sight hoping everyone who’s still employed loses their job. Here’s a tidbit, when we all get fired or laid off as you’re desperately hoping happens, we will just come take your job again.

Those who are comparing this to what happened at Qwest seem to have their facts a little off. Qwest sold DEX to avoid bankruptcy. The local service was still a cash cow back in those days. There are similarities in that LUMN is selling off their cash generating assets to fend off bankruptcy for now. The businesses they are keeping, while attractive, don't generate the kind of cash needed to service the debt. I see this being sold to multiple buyers .

Fired? I walked out on my own, bitter Yes man! You get a Vspp? Wow! Su---r! You’re a fools fool! Congrats! I collect mine every 2 weeks as well buffoon!

“Lmao! The delusional yes man. Sure, stick around and see what happens! Ask yourself this question. If you had to put all of your money in this company just to keep your job, would you risk it? That’s what I thought! Corporate greed and mis management has ruined this once great Company! The people up top over did it and let you all down just to stuff their pockets with cash that they didn’t earn! Fact!”
No money invested in this company mr bitter ex employee. Not one share of stock or unit in my 401k. But I get paid every 2 weeks plus my benefits. Sorry you got fired and still hold a grudge. For the rest of us life still goes on

To this user:
Oh dont worry this new book worm ceo will have everything fixed after we finish "dare to lead" because instead of getting physical tools or actual training to do our job we get to take more worthless online training that does nothing to help us.

What suggestion do you propose to put forward? What physical tools and training do you need? Let somebody know. If they don't listen, go over their head, and if they don't listen keep going up the chain. The Dare to Lead thing is just a leadership strategy, but if you have some good ideas, by all means, shed some light on it to someone who might be able to do something? What do you need to do your job better?

"Qwest hit a buck a share and it was business as usual."

Yeah, if you remember that; then you remember how quickly that "buck a share" took place. It was almost overnight once the federal investigation was announced. I would say within a month it fell below a buck. Very different than a year by year decline where Lumen has not had a single year to go from "$1" to double "$2". Plus, Qwest didn't sell their cars, appliances and first born to build up some "cash on hand". Lumen has sold 20 states, the latin market, european trunkline EUT, and Posts's soul to give Storey a Golden Parachute. But Lumen still cannot break $7. I always look at Charter Communications as a good example of a Communication stock. In 2018 Charter was still holding at $300 a share. In 2021 their stock blew up to $800 a share. As of today they have fallen to $340 a share. I won't bore you with their (current) stellar "cash on hand" or bumpy (but) profitable quarterly revenue. My point is that Charter's lowest base dollar is $300. Within 7 years they have not fallen below $300. Lumen frkng owned 36 states with state licenses, agreements..well a footprint in OVER half the US. Plus the latin market and EUT. What is Lumen going to do (now) to become like Charter? So far they only want to sell away assets and shrink. But to be clear:

It is NOT Lumen Communications.

It is Lumen Technologies LUMN
Provider or communications, cloud services, etc.

Basically, Lumen wants to become Best Buy's Geek Squad.

Lmao! The delusional yes man. Sure, stick around and see what happens! Ask yourself this question. If you had to put all of your money in this company just to keep your job, would you risk it? That’s what I thought! Corporate greed and mis management has ruined this once great Company! The people up top over did it and let you all down just to stuff their pockets with cash that they didn’t earn! Fact!

Why so convinced bankruptcy and mass layoffs are imminent? Qwest hit a buck a share and it was business as usual. The lights stayed on, the trucks still ran and the paychecks still showed up. Investors hate this place. Who cares. No one wants a utility that doesnt pay a dividend. The stock price and investor sentiment has no effect on the day to day business. Customers paying their bills is all that matters.
Don't believe this shill on here posting the stock price every single day as some expert who knows whats going to happen to this company or employees.

$2.60 And Tomorrow don't look any better

The person posting the handle articles has been spot on for over a year. I’m beginning to think we will see Lumen with a $1 handle.

I can’t wait for the $1 handle post. Can we have include all the lousy leadership with nickname.

To all the Kool Aid drinkers. Everyone is going to lose their job, not just people who post on this site.

It’s sad and only the leadership deserved to be fired.

time for drag queen story time. That will save the company.

Gonna be a fire sale soon.

Don’t worry because Lumen is diverse.

Woke=Broke

Oh dont worry this new book worm ceo will have everything fixed after we finish "dare to lead" because instead of getting physical tools or actual training to do our job we get to take more worthless online training that does nothing to help us.

$1 handle coming to a theatre in Denver this year.

Storey and his cronies should have compensation clawed back including Mr. Hairgel.

Closed today at $2.68