Thread regarding CenturyLink layoffs

Head count reductions in progress

Head count reductions in progress as of 1/3/2018 a voluntary notice went out to occupational employees. With the feeling that if the company didn’t achieve their goal a forced reduction would soon follow.

A management a severance package will be initiated after the occupational reductions are achieved. Word is that this is a deep cut with a new company objective of a lean shoestring workforce, with a heavy focus on contract labor. Bottom line numbers are the only thing that matters to Jeff Story, board of directors and the stock holders. Protect the stocks dividend payout at all cost. A turn around “Story” in the making. Best wishes and happy new year to all my friends and coworkers at Centurylink.

Made into a thread from @QSAtvoM-cxtn for important info.

by
| 2411 views | | 4 replies (last January 10, 2018) | Reply
Post ID: @OP+R5FkVT7

4 replies (most recent on top)

I wonder if this will soon affect the non-bargaining employees as far as layoffs inside business offices instead of just technicians?!?

by
| | Reply
Post ID: @5rte+R5FkVT7

Anyone remember Qwest? Get your money out of Centurylink stock, its going to happen again!

by
| | Reply
Post ID: @4tdk+R5FkVT7

F--- centurylink! And there bottom line.

by
| | Reply
Post ID: @3snx+R5FkVT7

Check the WARN act notices under each state's department of employment (worker adjustment and retraining notification). just found one for Midvale, UT. 58 workers dated 11/1/17. Does not show occupational or management worker type.

by
| | Reply
Post ID: @1fwv+R5FkVT7

Post a reply

: