Thread regarding Windstream Corp. layoffs

Ask yourself, why are they bribing some mangers and execs to stay?

Saw this on another post and it makes you wonder.

“Saw this coming. That $5M and the breakdown of which managers get it and how much will be a highly kept secret. At a previous job, during a bankruptcy reorg, one of the lawyers left “the list” on his fax machine and a third shift NOC tech found it. Some of the most vocal “this stinks and I’m just as upset as you” managers were some of the ones getting the most. Saw a lot of new cars in the parking lot towards the very end. VERY IMPORTANT NOTE: Ask yourself why are they getting soooo much to stick around? I mean, if the company isn’t going anywhere why would you need to bribe someone to stay? Yup, it’s because these folks who have signed NDA’s in order to get this payout know that they will need to find another job at the end. They will need extra cash to get by or relocate until they find work. Spoiler alert- no more Windstream. The banks are ok with this investment because it lessons the risk to the repayment of creditors”

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| 1251 views | | 5 replies (last May 14, 2019) | Reply
Post ID: @OP+YKngG4A

5 replies (most recent on top)

"What company would buy services from Windstream?"

Logical choice is to sell it cheap to a private equity firm. Then they chop it up, sell pieces they can for profit. Whatever remains gets stripped down until it becomes profitable, then possibly becomes public company again or stays private for some time. Generally speaking though, more money in it for private equity firm taking public if they can since remaining WINMQ assets are unlikely to be a cash cow.

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Post ID: @jgoj+YKngG4A

Yes SDWan and Office suite are not the best install experiences.

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Post ID: @jpyl+YKngG4A

What company would buy services from Windstream? If I was an IT director I wouldn’t purchase anything from them.

Idc if they claim their SD Wan can walk on water. I’ve seen how the installs go and they’re a disaster.

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Post ID: @jxia+YKngG4A

Its not paying them to stay. Its cashing out their friends. They are s---ing as much money out of the company before they go under. The end is near and they are sending as much money as possible out the back door at the very end. Happens all the time. Stock isn't going to recover. Chapter 11 was delaying the inevitable. When they come out of Chapter 11 they still owe the $6B up front unless they can get more loans, and who in their right mind would loan them money. All the HVAC, generator, UPS contractors will no longer do any work for Windstream. They cannot get spares or consumables.

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Post ID: @2etl+YKngG4A

I was at that company, went from 3000 employees to around 1000 to a few hundred then 50 and then 2 then asserts were bought and the company was no more. I remember that list getting out. The big chunks in lay-offs triggered the WARN act protection of how many were let go. I can see why WIN is choosing smaller scale stealth layoffs. Good luck everyone.

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Post ID: @1uve+YKngG4A

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