Thread regarding Lumen Technologies layoffs

Diversionary Tatics on Earnings Release Day

Have you noticed that this sh-t pile of a company likes to do press releases of news that they deem positive, out ahead of earnings calls? To help draw attention to the bad news? Q3 is was debt restructuring and influx of cash.
Today it's a new CTO. At least this guy has some long tenure, with 18 total years at Cisco spread out over 2 stints with the company. Would have thought that a guy who is supposedly this smart would know better.

http://example.com/3HQ0aW3

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| 1271 views | | 10 replies (last February 7, 2024) | Reply
Post ID: @OP+1qWytPhN

10 replies (most recent on top)

no one could access the employee call for earnings

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Post ID: @1isq+1qWytPhN

They did hire the guy from Rogers who was part of the biggest internet outage in Canada history ... so why not make that guy your operations chief?!

Is it intentional?

Seems like it.

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Post ID: @1syb+1qWytPhN

Wow, the reviews on this guy are through the roof horrible.

Is the goal to hire people that are actually good, or just good as destroying companies?

I think Kate and her cronies are in the later group.

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Post ID: @1edm+1qWytPhN

Check out this guys reviews on Glassdoor from Packetfiber looks like a disastrous hire for Lumen

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Post ID: @1xvm+1qWytPhN

https://www.thelayoff.com/t/Kp4s8xK

Well then that makes it 2 for 2. The guy from Amazon was also not well regarded in company. Guess we hiring other tech firms rejects

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Post ID: @1egf+1qWytPhN

The new guy

https://www.thelayoff.com/t/Kp4s8xK

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Post ID: @1tnt+1qWytPhN

Nope, never ever seen that

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Post ID: @1tto+1qWytPhN

They are paying him to give a face of credibility to what they say they are doing whether they are doing it or not.

When (and if) he asks for budget to transform what he's supposed to, they'll say there isn't sufficient cash (they are only hanging of EBITDA for 2024) and continue paying sales and mid management to sell the newer products migrating off the old ones at a huge discount.

Unless you see huge layoffs in sales and marketing, innovation won't be properly funded.

Also... A.I. for migrating customers? Sounds like robocalls!

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Post ID: @tsy+1qWytPhN

Just hiring another Dinosaur to run a tech so called technology company…. Don’t look behind the curtain….. lots of broken promises hidden

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Post ID: @rzb+1qWytPhN

https://www.linkedin.com/posts/lumentechnologies_join-us-in-welcoming-our-new-chief-technology-activity-7160729300273352704-cV79?utm_source=share&utm_medium=member_android

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Post ID: @xnd+1qWytPhN

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