Topics regarding layoffs at Altice USA (Cablevision)

New Active

New loan to pay Exec Bonuses?

I heard a big portion of the new loan is to provide large bonuses at the SVP+ level. The self enrichment continues..

#SVP #Bonus

Just like that back under a buck! Go borrow some more

#BudgetCuts #Debt #Downsizing #FinancialServices #Layoffs

CTDI Transition

What are they not telling us?

#Anonymous #Concern #Culture #Discussion #Transparency

Lightpath Layoffs

Lot of layoffs at Lightpath last week. Mostly from Sales.

#Company #Layoff #Layoffs #Sales

Cream always rises to the top

https://ionanalytics.com/insights/debtwire/optimum-creditors-have-leverage-to-challenge-troubled-telecoms-controversial-asset-transfers-legal-analysis/

#Analysis #Company #Debt #Legal #Telecom

Q2 sign off

Vendors are worried after Q2 optimum can’t make payments. Sad

#Finance

Local Comedian dealing with Optimum Retention

https://www.instagram.com/reel/DZnNlmlOeKo/

#Humor #Retention #CustomerService

1/2 Social Media Team Outsourced to Bangalore, India

The purge continues. 1/2 customer service social media team that supports customers vis social media channel were laid off and outsourced to Bangalore, India. Long time manager dating back to TSG included in layoffs. Hearing remaining half going... — read more

#Bangalore #CustomerService #Management #Outsourcing

Optimum's outlook 'more aspirational than realistic'

Optimum's outlook 'more aspirational than realistic' – analyst Optimum's new multi-year outlook sees its broadband business stabilizing at 3.8 million subs by the end of 2028. That's a 'tall order,' says New Street Research, which expects broadband... — read more

#Analysis #Business #Competition #Forecast #Market

Llc’s and why they create so many

Common (and Sometimes Nefarious) Practices with LLC/Entity Changes Changing an LLC—through formation of a new entity, asset sales, mergers, conversions, or “successor” setups—can create separation from prior liabilities. Legitimate uses include... — read more

#Business #CorporateCulture #Legal #Restructuring #Union

they should claw back all payments made to top level

They should claw back all payments/bonuses made to past management. The reason the company is in this shape is because of this poor judgment which in the contracts they signed stated do what's best for the company which they didnt do. Now instead of... — read more

#Accountability #Clawbacks #Leadership #Morale

Look at all that insider selling! Even DG making the appearance

#Stock #Investors

Ai Slop

“Following the rollout of AI, supervisors appear to have increased pressure on work output and results. They now seem to expect near-perfect performance from a hybrid coax plant that is fundamentally imperfect.”

#AI #Accountability #Performance #Pressure #Workload

I sing living on a prayer everyday driving into this place. There is no way they can get out of the jam they put themselves in.

#Environment #Morale

Moving debt around to borrow more

https://www.fierce-network.com/broadband/optimum-moves-protect-eastern-assets-debt-standoff-drags

#Debt #Finance #CableTv

The game of 3 cup continues

Psychobabble email from the "dealers" i mean...leaders this morning. Blah blah blah, we have no money. Please dont quit. F*cking deadbeats.

#Company #Culture #Layoffs #Leadership #Morale

Run for the door

Seriously, everyone should be updating their resume and be actively looking, and when you find something you like get the he-l out because if you wait till the day of that unexpected TEAMS call you will be fu@ked. At this point I would not be... — read more

#Exit #JobSearch #Layoff #Severance

Looks like there is some assets being seized in Switzerland. Truth is about to come out

#Company #News #Switzerland

VRP

Some people are suggesting / hoping that we'll get a VRP? Given the financial situation / stock value situation - what makes you think this may happen? I hope it will but everything I look at is so grim and I simply do not have any hope that a VRP... — read more

#FinancialResults #Stock #Situation

20+ IT Employees laid off to outsource to India and Canada

On Wednesday over 20 employees in IT were laid off. Management bringing in replacements on H-1B visas from India and Canada.

#AILayoffs #H1B #India #Outsourcing

RedLion Optimum Store Takeover

They aren’t even hiding it. Their LinkedIn profile is literally calling it the RedLion Takeover. How many Optimum stores are literally still in-house? The sad part is all the metrics show that the RedLion stores are doing better than the internal... — read more

#Acquisition #Culture #Discussion #Management