Being asked for 2024 revenue outlook in June of 2023. We only have a current view into April of 2023 revenue and visionaries are asking for 2024 Revenue outlook? Seriously, this smells of a sale and with the product simplification it can’t be ignored. What the he-l is this company doing? We are way beyond misguided and if we don’t hit $6 billion in free cash flow in July /second quarter results. Stock goes to $9 and layoffs are huge in 3 rd qtr. With loss of legacy revenue and missing cash flow per the streets requirements this place is toast!
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@1cnb+1ndvmC9g that's too funny. Have you seen Verizon's debt? They're getting ready to dump up to 6,000 employees as well.
It is not at all unusual to forecast the next year in the middle of the current. Been doing it for years. Nothing new here.
OP is correct. We were asked by our big boss to project write down etc. Vague references made to quota relief. I’m not holding my breath. Sales had unreasonably high quotas placed on us this year. Major corporations are moving a lot to cheap broadband, and they don’t even want dedicated Internet. Those that do are getting rock bottom basement pricing from cable companies for a full gig. It’s over people. No one needs to tell me it’s over.
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Nobody wants to buy us. We’ve got way too much baggage.
I saw this 2024 request come through today as well. WTH? We're barely through mid-year 23 and they want to know what the forecast for 24 is and how we can cut it down?
Verizon is going to buy AT&T. That is the reason for all of the layoffs and 'collaboration' exits. AT&T promised to get bare bones lean by EOY and then this will go. They will keep the AT&T name
Q3 will definitely be a time to hold on to your hats. Things are not looking good at this point. I feel the exec level will be in all out panic mode and anything will be possible. We know how they like to do knee jerk reactions that never end well.