Thread regarding Lumen Technologies layoffs

what a sh-t show.... this is not a phone company anymore.

Was only with Lumen for 9 years, there are other companies out there you know. At least for my profession, which with Lumen was a full-stack developer for the lumen.com website. But yeah, was making 6 figures at Lumen because that's what the kind of jobs like I had pay. Like I said, you need to in charge of your career and skills. I used to work in marketing as a young lad but realized that's not where the jobs were and refocused. Yes raised 3 kids along the way. And like I said invested my money wisely, and didn't waste my money keeping up with the joneses and buying things I didn't need or could afford, my car is 21 years old and long ago paid off for example and runs just fine

"No, just intelligent enough to make smart decisions, to work hard, and to keep my skills in demand. "

Uh huh. Amassed 1.8 mil on a Lumen salary? You must have been part of the ruling class. Or not have kids. They can drain that 1.8mil pretty quickly. lol.

No, just intelligent enough to make smart decisions, to work hard, and to keep my skills in demand.

"That proven investment strategy has given me about $1.8 mil in the bank so far. "

We are blessed to be in the presence of Ray the multi-millionaire and stock market savant. Certainly you were never one of the regular Qwest/CTL/Lumen working stiffs who frequent this board.

Forget the RSS. If you have faith in Lumen buy their bonds. Bonds due next April have a current yield of 11.4%. Bonds due in 2029 are paying close to 50%.

Be the man … don’t work for the man !!! As a result, you are not held hostage to corporate america !!!!

"You do understand that the number of shares goes down 15x as well right? So the overall valuation doesn’t change….
1 day ago by Anonymous Post ID: @rbf+1s8lcc0B"

The original post is not about valuation. For existing shareholders there's a big risk after an RSS as the share price has plenty of room to fall over the cliff. New investors looking to buy stock into a tech company will be looking at an unrealistic $22 share price initially so expect buy volume to be around zero as share price falls some and maybe it settles hard around $10, and that leaves exiting shareholders holding a -50% bag. Lumen is in a terrible position when it come to it's shares. Lumen should use all this new cash they say they have to do share buyback.

Don't care much about stock, but my 401K and other investments have done very well this last year.

Just a casual observation, a RSS is probably an attempt to get listed, not really something to increase stock value. If it actually worked, 1-10 RSS, then logically a $1.30 stock should magically become 10th of the stocks, and each valued at $13.00 per share. Never seems to work out that way though, more or less like $10.00 per share - BUT, the purpose wasn't to increase the actual value of the stock or company, just make it easier to trade, a su---r's bet.

Not sure where you're getting 30% from.

The CRSP US Total Market Index which tracks almost every us stock is only up about 20% since this time last year.

But your point still stands, Lumen is su-king eggs and the US stock market has been doing great in the last year.

"Stop paying attention to what the media wants you to believe. Yes the market is up 30% but its only a small handful of stocks propping up those numbers. Most stocks are struggling and have been for a while"

If by "media" you mean politically polarized media like MSNBC and FOX, I don't. I listen to the other ones that report objective facts.

I'm sorry you purchased struggling stocks, but as I'm sure you know, individual stocks are a risk as an individual company could do well, or do poorly. Like Lumen, or Tesla, or Boeing, etc. No stock is guaranteed to only go up. Which is why I invest in broad market index funds where the average of the companies in the fund has performed quiet well (up approx 30%) in the last year, and historically has gone up 7-10% a year in average. I'd suggest you do the same. That proven investment strategy has given me about $1.8 mil in the bank so far.

And thanks Kate Johnson for letting me go two Fridays ago and giving me almost 6 months of salary to get out of this failing company. I start my new job on Monday, making slightly more money, and I am literally taking that severance payout to the bank. Or more accurately, investing it in some broad market funds so I can make even more money with it

“Stop paying attention to what the media wants you to believe. Yes the market is up 30% but its only a small handful of stocks propping up those numbers. Most stocks are struggling and have been for a while”.

Perhaps the d-mbest statement about the stock market ever made. A few stocks propelled the Dow, s&p, nasdaq and russel to record highs this year. I’m going to guess you’re one of the “smart” people who refused to invest because the market was going to tank? To the contrary, most stocks have been booming and have been for awhile.

LUMN down 80%
Stock market UP 30%

Stop paying attention to what the media wants you to believe. Yes the market is up 30% but its only a small handful of stocks propping up those numbers. Most stocks are struggling and have been for a while.

🤔
I see more layoffs coming.
Reducing head count equals higher stock prices.

"Name one stock that is doing good right now?"

You don't really follow the stock market, do you? In the last year:

LUMN down 80%
Stock market UP 30%

Lumen needs to accelerate the layoffs.
1000 layoffs equal 0.5
10,000 layoffs equal 5.00
20,000 layoffs equal 10.00
30,000 layoffs equal 20.00
All AI robots equal 450.00

🤣
Name one stock that is doing good right now?

You do understand that the number of shares goes down 15x as well right? So the overall valuation doesn’t change….