Oh my lovelies, the news keeps getting better and better with this smelly tu-d.
https://www.reuters.com/technology/lumen-deal-with-lenders-extend-debt-maturities-raise-over-2-bln-capital-2024-01-25/
so.... Nov '23 $7B pushed to '27 with an extra 1B to pi-s away = 1200 US only layoffs
now... Jan '24 $12.5B pushed to '29 with an extra 2B for Exec Bonuses = how many more US workers will have to be sacrificed for this one?
It might be a bloody Friday of layoffs!
Unfortunate reality is every quarter end depending on earnings is layoff potential here on out.
Due to this morale is low. Why bust your a-s for a company that will can you without much notice convenient to Lumen. After last layoffs some departments are doing more work and understaffed and this company not giving us a penny more. But blowing money on these internal conferences and absolute waste on DTL. How the he-l is DTL gonna fix all the internal processes that need investing.
Silent quitting is the way at Lumen
New branding colors. Million bucks down the drain…
Flying folks into Denver for DTL. Millions down the drain…
Multiple wrongful termination lawsuits. Millions in legal and settlement fees…
Still wonder where the money goes….
we will see
They pushed out the debt maturity date to 2029 and received a commitment for an additional $2 billion in debt. I wonder how that will work out and what the $2 billion will be used for?