In other words, Lumen is going to the trash heap of failed telecom companies that decided that moving away from their core business was the right decision even when it wasn't.
6 replies (most recent on top)
@KJ can save it, but she needs to do what's needed by cutting loose all of the low revenue services and just push Quantum Fiber and Exaswitch. DDoS and BLL are high-touch, expensive, and low profit. Remove all of the Level3 folks who are very useless in the company. Their HR department is very big for unknown reasons. There's more RIF coming.
Pull your head out of your butt CTL had the financial issues. Level3 bought CTL Level3 was operating in the Black when Sunit Patel was the CFO the company was operating just fine, when he left, the company went to cr-p. Then some genius on the SLT came up with let's create Lumen to avoid the fines we are going to get hit with for not meeting our deadlines for all the government money we borrowed, and to try and follow the d-mb idea of becoming a technology company. Which will never be. It is, always has been, and always will be a telecommunications company. They should have stayed CTL and just made things better, cut the management fat, and SLT fat, improved on the network and what would happen, oh cr-p! Happy customers and more revenue. Instead you allow id--ts to run the company into the ground. At least CTL had $11 stock prices Lumen is like $1.30 close to junk bond status.
Used to love red lobster and circuit city…,now that I think about I used to love working here too….good comparisons
More like KMart or ShopCo.
KJ can save it, but she needs to do what's needed by cutting loose all of the low revenue services and just push Quantum Fiber and Exaswitch. DDoS and BLL are high-touch, expensive, and low profit. Remove all of the Level3 folks who are very useless in the company. Their HR department is very big for unknown reasons. There's more RIF coming.
More like Radio Shack or Circuit City
Lumen is more like Red Lobster to be honest.