Contract negotiations may be very telling?? Early negotiations or no talk of any prior to a sale date announcement?
AT&T in talks to buy Lumen Consumer Business ubit
https://www.reuters.com/markets/deals/att-talks-buy-lumens-consumer-fiber-unit-bloomberg-news-reports-2025-03-25/
AT&T in Talks to buy Lumen's Consumer Fiber Unit for 5.5 Billion
Down she goes....
Bloomberg: delay of $2.4B loan - ominous sign?
From Bloomberg: In another sign of weakness, a group of banks led by Bank of America Corp. widened pricing and delayed the timing of a $2.4 billion loan for Level 3 Financing, a subsidiary of telecommunications company Lumen Technologies Inc. can't... — read more
Another "all is well" town hall
love how Stansbury, Kate and team keep pushing "look at the shiny AI" object over here while the integration of numerous platforms and systems move along at a snails pace, if that. with employee frustration at an all time high, and customers bolting... — read more
Recent article, not good
Revenue Spiraling Downwards A company’s long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Lumen struggled to consistently generate demand over the... — read more
Wellness day?
so Kate gave everyone a Wellness day on Friday.... wonder how many used that to polish up their resume ' for the upcoming RIFs?
I hate this circus!!
I hate this place, and the utterly ridiculous clown show that passes for leadership! Two weeks ago management said that, we don’t want anymore copper customers! That we’re not spending a single penny on it and absolutely not replacing copper! So... — read more
Exciting Times
It's March, that means it's time to find out how you did on your review and everything about the STI payout. Is everyone excited?
Lumen selling parts of its network and labor contract negotiations
Lumen is most likely getting closer regarding finalizing a deal selling off assets associated with Project Yellowstone according to rumors. In addition, Lumen just started labor contract talks with IBEW Local 206.
Priority pop up
Blah - why. Stop wasting our time. All I hear is cost saving and lumen workforce modernization which we all know means outsource and cut heads
Big drop today
looks like MSFT may be pulling back on data centers, Lumens cash cow may be going bye bye. Start selling off the pieces while you can Kate.
Chief Legal Officer was dismissed?
I see in the 10k that "With respect to the Company’s executive officers, the Company notes that the employment of Chad H0, then our Chief Legal Officer and Secretary, ended on February 7, 2025." Did he last one Sham? or was it one Satish? — read more
Time for Kate to go
Now that the DEI has been cancelled, I wonder how long it will be before Katherine will be removed. She was clearly a DEI hire.
LUMEN cuts DEI and Allyship under government threat
Big Kate email that if you're trying to be inclusive it's not allowed. They've already stripped funding and told groups not to meet even if it's just small get together. Get a backbone. Is DEI perfect? No. But stripping programs under threat when... — read more
Argus Research A6/Quantitative downgrades Lumen Technologies from HOLD to SELL.
All the analysts are calling for a downgrade. What the heck is going on?
CenturyLink nightmares: Users keep asking Ars for help with multi-month outages
https://arstechnica.com/tech-policy/2025/02/centurylink-nightmares-users-keep-asking-ars-for-help-with-multi-month-outages/ "He said that in the mountains of western Boulder County, there are a total of five techs who know how to work with copper... — read more
Question on bonus and layoff
If you get laid off before March 15 but in 2025 where you are getting bonus for 2024 deliverables and goals. Do you still get bonus or are you out of luck ? I am counting on that bonus to pay for some medical bills. I am concerned, Lumen might... — read more
Lumen = Lumon??
the similarities are scary: Lumen = Lumon Kate Johnson = Kier Eagan Sacred texts (Dare to Lead, Kaizen) = Sacred texts (Compliance Handbook) CEO dog = CEO goats Management keeps employees in the dark = Management keeps employees in the dark and... — read more
Earnings Call News?
What amazing bit of news (positive or negative) will be announced prior to the earnings call?
“Lights out at Lumen”, geeze another article
Not a great article hitting news feeds on 31st. Claiming push into AI will be the downfall.
Great Day
closed under $5, love it!
2025: Enhanced Severance 125-135%+ Interested?
Copper is mostly dead, why don't they do a sweetened 2025 severance offer to those having anything to do with the copper side of plant (supv, techs, engineers, dispatch, etc). Sweeten enough on a scale say starting at 20yrs + and wouldn't they get... — read more
Quiet quitting and loving it
My life improved so much since I realized I don't give a damn anymore.
Worst of the sector, no surprise
https://stocks.apple.com/AqxBj_ekAQ96sxvf19XOToA
https://www.prnewswire.com/news-releases/verizon-and-brightspeed-launch-fixed-wireless-voice-and-data-solution-for-brightspeeds-copper-customers
How long before we do the same in our market's
Bite-sized layoffs
They have been doing smaller layoffs in 2024. Between demotions, talent quitting and layoffs in every department ... I wonder how many people we've lost total. They are doing bite-sized layoffs so they don't have to announce it on the news. So... — read more
VP purge or writing on the wall?
the word on the street in denver is at least a couple of VPs were let go, any details? seems kid of hush hush trust and transparency, right??
Lumen
I know this post will not last long. I hope that any company or person see’s this before signing on the dotted line. Lumen, century link, quantum does not care about you. All they want is your money which will never be used to maintain the plant. It... — read more
Quote: “ CenturyLink — was ignorant of its own network “
https://www.wowt.com/2025/01/14/nebraska-public-service-commission-releases-scathing-report-states-911-provider/# Q: If Management doesn’t know its network how could it possibly make good decisions about running it?? A: it can’t, G.T.F.O. Before... — read more
Are more layoffs coming?
A few individuals received the call on Friday that their position was impacted by the RIFs. Does anyone know how long they will be calling employees to notify them?
Carpool karaoke and walks on the beach
It's disturbing to hear leaders talk about how amazing 2025 will be while ignoring how they just destroyed careers and condemned client relationships in the process. F*ck your kickoff
when will there be a response from C level?
so, do we hear soon from Kate and the other C level executives regarding the rationale for the RIFs, or will we just see more post about road shows to games at Lumen Field, community involvement at food pantrys, and the other "feel good" stuff to... — read more
Let me guess, mostly hard workers were let go today
Once this round is over, those of us who are still here will have to pick up the pieces. Crippled teams, more work, more people who actually knew what they were doing - gone. It’s becoming too much. But the C-suite obviously doesn’t give a sh-t about... — read more
Denver downtown open house
Anyone visited the new swanky office? (at least looks like it from the pics) What was the purpose of inviting people there? Are we moving to a hybrid model
More layoffs
Lumen, today 1/7/25, RIF'd approximately 20% of its Customer Success Organization, as well as made cuts in almost every group. This includes Sales and engineering. This after a stock by back program. I think they are trying to clean up the balance... — read more
Saudi Arabian Massive U.S. Data Center Investment
Where's Kate&Lumen? The CFO ducked the BofA analyst question a few weeks ago regarding how their WOKE philosophies will fare with the NEW ADMIN especially as respects "Public" Enterprise opportunities? Is it finally time for Kate to go, and for... — read more
Layoff Today
Has anyone heard of any layoffs happening today and in what roles? I know of a few that happened today on the business side, curious how widespread.