Any RIF news in the grapevine?
16 replies (most recent on top)
@OP How can things get worse ?
@OP brace yourselves for 2027 it's gonna be rough and get alot worse before it gets better
@5fg Redundant positions are abundant for two reasons:
1) Bloating the org chart prestige of VP's and Directors who want their headcount prestige and pay
2) So there is always bodies to cut when needed and said VP or Director can save their own job
This is why morale is so low as we have many very skilled and otherwise capable employees doing nothing but vanity projects for some senior manager when they could otherwise be improving the customer experience
Anything new on layoffs or early outs?Looks like one vertical has decided to cut some redundant positions. Got to be more coming. No way all the director and above isn’t ki-ling the bottom line.
@OP Hey HR (we know you read this) do yourself a favor and bring back Voluntary Separation Packages. When you lay people off this frequently people with tenure would rather wait around longer and get a bigger severance. Yes you'll get high performers take the VSP but you can hire them back as contractors after giving them the package and then hire them back on regular basis after about a year and everyone will be MUCH happier.
No Country - it won't be a REIT but if you see a sizeable investment in $WLFI on the balance sheet expect something equally dubious and fishy where federal oversight needs to be avoided.
Most likely the fiber assets will be bought and the aging copper assets dumped into Windstream 2 and a new horde of finance wizards will be lauded for trying to put lipstick on the copper pig like they tried with landlines ages ago.
Stick with the copper. It's like COBOL. Anyone that knows COBOL in 2026 is making bank! Copper will be that way in 2036
@1pm REIT 2.0 will happen. CEO, President, VP's will all pat themselves on the back. Anyone that challenges it will be fired. Vulture Capital firm will pick at the carcass once again. This is the Telecom industry but Windstream/Uniti is a special breed.
$10-$11 stock down to now $6 a share stock, brings back memories of Windstream. Good luck folks!
Just submit a title change to VP of (made up something). You will be safe.
Oh I am sure RIFs will come. All those new AI generated advertisements are a sign of things yet to come.
@1e7 There was a time I thought Telecom was an honest business. There's no real competition except for power and vanity. The vendors innovate to some extent but the telecoms compete by lobbying the government to fund a commodity product. Nationalizing may not solve the problem but it's a joke that this is a competitive innovative growing and honest business.
There will be RIF's each quarter and also more VP's created. It's a bloated shrinking industry with a glut of telecom lifers but only so many senior roles. The front line low level blue collar workers are just not that important. You are there to justify the birth of a new manager and your job is to help them protect their turf.
Something must be up, my boss was going on and on in a meeting about how she just got more Botox injections in her lips.
Only the trusted former Frontier folks know. Good luck hearing any early leaks from this crew, unlike the former.
If that stock price keeps dropping you’ll see more job loss
No gnews is good gnews.