ILEC business is getting gutted. What happened to “We Win Because We’re Local”?
Our company has lost its soul.
27 replies (most recent on top)
@1p2 "Universal Basic Income isn't socialism and my support for it never stopped" - Musk in 2027
@1nz so musk and the tech bros will all become fans of Universal Basic Income the way they were back when D's were in power? I wonder what changed...
@1ka it won’t destroy the economy, it is going to be used to usher in socialism
@1f2 buckle up when "super intelligence" and data centers destroy the economy it will be used as excuse for drastic measures internally as this stock will crater with it and more lipstick will be needed on this pig to entice a buyer or justify another manufactured bankruptcy
@OP Sad to see what has happened here
@18t Elections always jitter markets up/down for a few days and Anthropic will be first major AI related IPO which is likely to also cause some wild swings market wide. Foolish to draw any conclusion until after financials are reported AND possibly the IPO of Anthropic looks more clear.
@11b Market already dropped yesterday. Thanks for playing.
@11b Good point. If a company were getting massive gains from AI would they announce it was because of AI or just announce the gains and keep their secrets. And yes midterm finality was likely the stock gain but time will tell.
@zp The bump is from midterms being over and a common fluke. Bad numbers without a solid real plan will erase it next week. At some point headcount reduction or "right-sizing" will not be a lever the market responds to and announcing something AI related will probably not have the effect anyone hopes it will. The AI hype-cycle is already getting old in the market and not having the same effect because if AI were actually working it would show up in the numbers without all the hand-waving woo talk.
They are replacing the ones that were let go sales/and directors with people at a fraction of the pay. Top sales people who continuously hit there numbers and locked in base. The writing is on the wall. Next week numbers come out and they will not be good . Why do you think the stock price is coming off a 52 week low.
wholesale and DSR are cooler
@ed cool story, bro
As a 20+ year former employee of US LEC, PAETEC and WIN, I have so much love and appreciation for my time and experiences. I grew up in those buildings, with my peers and the customers. I moved three different times for the company, and I never questioned each decision. I made the choice to leave there on my own, but I cried when I wrote my resignation letter and when I shared my news with the team I was leading when I left. I gained more than I gave and I learned more than I taught.
@an cut all directors and above in 1/2 and you might find you get more done. all those know it alls really do not know anything except how to manipulate and protect their own turf. They will never let AI work or what’s really best for the customer that may take away some of their power, because they will make up some farce to protect their a$$e$… at the expense of the company…. it’s true. Speak truth and get put their power at risk, and you will soon find yourself part of the next round of layoffs. Seen it happen first hand to true leaders. Fact.
@dc the cognitive dissonance is why so many are so miserable because they know it
@OP Too many in management got there not because of their good ideas or competency but instead because of how useful they were at the time to the president or CEO.
There will be a new batch of cronies leveled up and the cycle will continue until we get a CEO that isn't a good-ole-boy from the old days but that will bring it's own problems.
Kinetic axed its market research team. Made themselves blind to what the customer is thinking and competition is doing. Real planning was good while it lasted. Now its back to the tried and true system of throwing ish at the wall and praying that something sticks.
@b1 the competition in broadband is for internal promotions and gaining clout on the org chart. fear and paranoia still grip the culture ever since JS went on a belligerent warpath to build his nest and get his parachute
@as Broadband is not competitive industry, it's all fake competition. Bring back everyone laid off the last 10 years and fire everyone promoted over the last 10 years and it would at least operate better for customers.
@aq it's almost as if a managed decline is the strategy over winning. sometimes accelerating the demise of a company can turn out well for executives just like a bankruptcy can. i lost all desire to be in corporate management based on my experience here and one other telecom
How can we beat the Cable companies and fiber providers in ILEC if we keep cutting all the sales people and support personnel?
@a9 Cut in half all director level and above jobs and nothing will be lost except their inflated salaries.
more are coming. it won't be the right people and it won't make anything more efficient but more are coming. if you find yourself with highly ambiguous projects, being asked to show others what you're working on more than usual, or projects that don't do anything for customers anytime soon your number has been picked
@aa LLM's are already showing their age and that's all "AI" really is currently
@aa Cuts made in name of AI are cuts they want to make anyway or cuts made in total vain. The warning signs about AI not paying off and perhaps costing companies more are EVERYWHERE. Senior management knows this.
When you see a company reducing headcount and claiming AI it's a headfake. They wanted to reduce headcount and hope a headline that involves AI will bump their stock and spook competitors.
AI is real but value to business is grossly over hyped just like the internet was in 1999.
The AI crash is coming and the signs are obvious.
@OP more are coming. AI is taking over. If the company don’t get on board with AI all the way someone will be buying them and making it happen. The stock market price reflects it. Plenty more expense to be cut. Don’t get complacent in this industry just buckle up and prepare.
to make room for a few more VP's