An increase in stock price. Lumen is quickly becoming a “Bull” buy now folks!
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Tomorrow my last day!
Too bad Lumen is trapped in debt and without help they are doomed. Might not be their fault either. Inflation will eat them up.
Looking at my day to day work and every other process is internally broken and even mundane things take clever to get an answer on. The disarray these layoffs have caused in some essential departments. think it spells trouble and is reflective to the clowns up top making these decisions. Those bozos all have golden parachutes is us the workerbees with families that will eventually suffer due to their d-mb mistakes.
Lumen has too much debt to ever get back on their feet. I wish their competitors good luck and success, as they are taking over. Hope to work or get service from them. Lumen is a failure.
Lumen Technologies won't exist by the end of 2024
I would say nothing good happens in 2024 unless we see them tackle the core inefficiencies which continue to dominate the internal planning and culture.
The place is still dominated by boondoggle projects and consulting firms taking advantage of the id--ts in charge.
As long as they continue to fund and build 'bridges to nowhere' (i.e. the cloud initiatives) we know this makes zero sense with the existing on premise foundation that took decades to build.
The AI efforts are a similar pipe dream which also shows they don't understand the company well enough to know this is pure fantasy if you truly understand the history of how Lumen got to where it is today. Those in charge have no clue.
"What I dont understand is laying off skilled people who actually provide a value and bring in revenue for a struggling company, while keeping DEI staff on hand who provide no quantitative value whatsoever." Welcome to go woke, go broke. The poster of that quote is so correct! I've said it elsewhere, this outfit is laying off geese who would lay "golden eggs" in terms of revenue and innovation.
What I dont understand is laying off skilled people who actually provide a value and bring in revenue for a struggling company, while keeping DEI staff on hand who provide no quantitative value whatsoever. In the end its all about making money to keep the lights on, meeting payroll, and making the market and customers happy, regardless of what the demographics of its staff looks like.
Lumen will continue to look less male and less pale as DEI accelerates and Syndio’s pay equity analytics are used to RIF certain demographics of the non-represented workforce.
They closed the corporate HQ in north Louisiana recently and donated it to the university there without even trying to sell it. Not enough employees in the area to keep it open with a lot of working from home, layoffs there, and debt. A deluxe innovation center now without a good base of folks to create any magic anywhere near with poor skills/no talent and too much space. Like many office buildings without enough people to make sense to keep paying high rents
"They will just need to find the North Star while it wonders around with no other plan."
Well, I'm afraid the North Star is now a Black Hole.
Gutted
They will just need to find the North Star while it wonders around with no other plan.
It'll look just like it looks today a slow motion train wreck. 2025 will be the year that Lumen finally sinks.
What they plan for 2024 will be pushed off until 2025 or longer. What's new.