Stock price is loosing my confidence about job security. However internal changes and digital transformation is taking its first steps. How confident you all are that Kate gonna take LUMN to a better position down the line?
19 replies (most recent on top)
There is a huge disconnect between workload and capacity.
Very often there is no training and no mentorship either.
We just put you there, now make it go!
Imagine how Homer Simpson might run things, only worse.
Too much planning, too little actual work. And they call it progress.
Lots of coasters because frankly what else can you do?
Mismanagement has a price.
Constant mismanagement has an even bigger price.
But we have time for a book read.
- clueless woke leadership
- $34 Billion in liabilties
- Rising interest rates meaning a massive increase in debt servicing costs over the next few years
The business model was just about sustainable in a low interest rate environment, nut not any longer.
All this means this company will collapse
I'm coasting y'all. Every day they pile on more and more. I just am gonna say No. No, I cant do 6 peoples work while I'm training.
I see people that have trouble finding their laptop in their own home and don't do ish! HR said sitting on their as--s. Why does it take 4 months from applying to get hired? Why does HR never respond at all? We need people to work because we can't keep up this pace.
The Book Club has got to be transformation gold !!! 🙄🙄🙄
The comment about which legacy company is your order with hit the nail on the head !!! Because if this nothing will ever change you can’t train new salespeople about the jumbled up mess of all the back end companies only the old timers would know a clue about it and no one cares about this huge stumbling block and Kate cannot and will not know how to fix it amen
the chaotic workplace
the toxic environment
the insanity
born out of mergers, greed, corruption, mismanagement, and short lived goals
every day at Lumen is an exercise in frustration and patience
the future is whatever they can salvage between now and bankruptcy
meanwhile a book read seems wildly appropriate
dare to bleed
the collapse will happen, this company cannot survive when it has to rollover tranches of debt at significantly higher rates than in the past. The business model only just about worked in a low interest rate environment.
Sorry folks too long too forgone when you have to ask ok which legacy company is your order with ? From our brilliant sakes staff not their fault because they com in with no training but and I say but !! The young arrogant supposed directors and managers are at fault and oh me stxxxxx leadership you can’t have a company that never addressed how to merge all legacy companies into one system most leaders ignored it. Like climate change fxxx Kate can’t do anything
The problem with bouncing back is that the customers have already voted. They left. The plant and services offered by Lumen are exactly the same as every other carrier. Bud Light has a better chance of getting customers to return.
Lumen could bounce back if they could figure out how to eliminate 100% of copper plant without getting into trouble with FCC.
Personally, I don't mind having no assigned desk, as they are selling (or donating) most of the buildings except the ones they can't (like those containing critical equipment) ... so we can never go back to a traditional workplace again.
But having expensive on-site meetings just shows they are still stuck in backwards thinking.
They can't afford to fly people around for on-site meetings.
But they are doing it.
The money will only last so long.
The remaining work force no longer has personal desks! Does that tell ya anything at all? How depressing is that? They go into an office and share desks! How lane is that? Wait, didn’t Storey say at one time that it wasn’t about keeping the lights on? I see that aged well!
Zero chance
I think that Kate and the team she has put together is capable. My worry is that things are too far gone at this point to be able to right the ship in time for remaining institutional investors to stay aboard. Q3 and especially Q4 results will mean everything. In the end, $19 billion in debt may as well be Mt. Everest.
The titanic is sinking, get off while you can or ride it to the bottom.
internally, I see no evidence that the transformation is working
its generally a madhouse with lots of confusion and poor execution everywhere
everyone is stressed out
The issue is a financial one, there’s not enough time to right the ship and bring in enough revenue to cover the debt. The ball is in the CFO’s court, he is going to need some magic and hope interest rates fall sooner rather then later and that is not looking good at the moment.
Remember, those that openly destroy us ... do so with an arrogance of high visibility .... using fancy new terms that look good, but are usually achieving the opposite of what they claim.
Which is exactly what they intended.
The digital transformation I have seen is no better than the green transformations ... meaning throw away you gas power vehicles for electric and solar ... they are the same concept.
"Digital Transformation" rarely leads to something better.