Topics regarding layoffs at Lumen Technologies

Topics regarding layoffs at Lumen Technologies

Wondering if.....

KJ even thinks about how many careers she has lay wasted to, good, experienced loyal employees that gave their all through many mergers, only to be sent packing for the almighty dollar , to try to pay mortgages and support families.....

Money

Lumen has no money. They are cooking the books to look good. Hiding things. They are calling in markers desperately wanting ppl to pay up. This is a hole we won't get out of.

Pension funding is down to 89% from 103%

Thankfully, the clown show was able to push the debt out & not declare a chapter 11 reorganization. I was worried I'd be stuck with the trash annuity versus a lump sum under my control when I retire at the end of the year. In chapter 11, the lump... — read more 

Let’s not forget…

Let’s not forget that late last year Kate “invested “ 1 million dollars of her own money when Lumen stock hit under $1… I mean… she still making 300k in the stock market… no blister in her heel yet… I guess if my salary was 4Mill/year and I had a... — read more 

Q1 Earnings

Nothing to brag about. I don't see how this company can last more than a year or two with revenues declining like they have been. https://news.lumen.com/2024-04-30-Lumen-Technologies-reports-first-quarter-2024-results Reported Net Income of $57... — read more 

Lumen

Not my circus. Not my monkey

Namaste India

Cut all these IT jobs and move them to India, that's what's happening, been slowly moving this way for many many years. Good luck with that Chad, the people they hire are right out of college and are just looking to get some skills and go find a... — read more 

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| 1660 views | | 9 replies (last April 29, 2024)
Post ID: @OP+1sejYaFq

Questions

Lumen sold To brightspped for ? Sold mineral for ? Sold boulder for? Sold fleet garage for ? Plus other buildings for ? Where did all the monies go?

Possible buy out or merger

Windstream hired at least three former executives from Lumen and they have came in and making changes like crazy. Layoffs for the last several months, including today. Rumor is a possible merger or buyout 4th quarter. Your thoughts?

Kathleen Lutito, president and CIO to "retire"

Kathleen Lutito, president and CIO of Lumen Technologies’ corporate defined benefit plan, CenturyLink Investment Management, will retire effective May 3, a spokesperson for the company told CIO.

The Cult of Lumen

Unfortunately, Lumen has descended into full cult-mode, with Kate as spiritual leader. While we often refer to transformation, a better word is evangelization - with a nigh-on religious belief over strategy taking hold. Most recently this was... — read more 

Is it true?

Did they just lay off a bunch of engineers,, with Friday being their last day,, but DIDN'T take away their access to virtually every core device on the network in the mean time? This company is either very trusting or very stupid. I suspect the... — read more 

Lumen layoffs

It was 660 people yesterday. 2 weeks ago it was voluntary and they. Only got 200. Had we known 2,000 people were being laid off we could have made a more informed decision about the voluntary separation

Another layoff!

660 Lumen employees in the US and Canada have been laid off I remember when Kate first laid off the 1200 stating that would be it, guess they didn’t reach their EOI goal

Lumen Stock Price

Does KJ and team know what they are doing? Stock price fell from $1.75 to $1.32 in the 30 day chart! The talk of a 15x RSS seems really weird. If they reduce outstanding shares down to 15x the current price that would take share price way too high... — read more 

Final exit

I was one of those techs who wanted OUT, and was rejected, I quit, because my health was failing - with no severance package. I appealed to Kate & Kye in an email to reconsider a severance package - silence. Loved my 35+yr career in the industry... — read more 

Multi State 911 outage do to light pole?

Did you hear about the multi State 911 outage? The article states the outage was from a single light pole? Sounds off to me. https://www.nbcnews.com/tech/tech-news/multistate-911-outage-shows-fragility-systems-experts-say-rcna148475

EOI

There are a lot of seasoned employees would like off this sinking ship. But Kate and crew won’t do it. Even though they can replace them with cheaper help. But she would listen to directors who have no clue and MRO who are just trying to save there... — read more 

No support for legacy technology

If you need support for any legacy technology be it a TDM switch or some other equipment good luck. There is no more support for central office techs. The company has lost all its human resources who knew this equipment. Call into the NOC now and all... — read more 

Target 3000?

Word on the street is 2,000 took the package, 3,000 was the target number, so the question is, when does the other shoe drop?

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| 3010 views | | 22 replies (last April 25, 2024)
Post ID: @OP+1s43au1e

EOI are you approved or denied?

From what I've heard this whole EOI is a sh-t show, people just get a middle finger insead of retirement severance package.

Any thoughts on the Reverse Stock Split?

This morning Kate announced a range of between 1 for 15 and 1 for 25 reverse stock split. Any thoughts? Reverse splits never work. If Microsoft was close to buying this company, they wouldnt need to RS. I think all hope is lost. Bankruptcy may be... — read more 

Bankruptcy seems unlikely

Didn't Lumen just complete a full restructuring of their debt with creditors? How could Lumen be in distress if they just punted that debt ball out about five years? Bankruptcy seems unlikely. They'll just sell off stuff and then look for a buyer for... — read more 

Dare to Lead Certification

My linked in is being flooded with all these new certifications from the “Dare to lead” trainings. Crazy how people think that is a great certification to show off while Lumen is currently firing left and right. Why spend so much money with Brene... — read more 

April 8-th Cut Day

Those who opted in to take the voluntary offer will be notified on April 8th that April 12-th is their last day. On the same 8-th day the RIF list will be communicated to those being terminated. Maybe employees should call in sick on April 8-th.

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