Finally some good news on this front. Anyone know how the US pay increases will work? Who is eligible, and what amounts do we expect?
how was the all hands?
missed the serving of kool aid. anything good? a brene brown sighting?
Phased Retirement?
Does anybody know anything about the HR offer of a phased retirement?
Ageism is a real thing
While they don't openly admit it, it must be part of the overall RIF strategy where many apply for a RIF and typically those picked are the older workers (50+) and especially those 60+. There may be a more sinister side of how they get you ready for... — read more
Who will buy Lumen?
The stock closed at $7.28 today up 9.3%. The best explanation for the 7X price rise since July is the company is close to being purchased. The AI stuff is probably BS. I'll go out on a limb and guess Microsoft.
When is the next round of layoffs coming?
I feel it in the air.
Yes there will be at least some VSP’s This year still.
Engineering manager in Las Vegas took a VSP this week, there must be mote.
Big Brother is Watching
As if all of us aren’t worked and micromanaged to the bone as it is, here comes fleet introducing AI to watch our every move while we’re driving. We all knew it was coming eventually, but it’s still disappointing to see come to fruition. 😔 — read more
STI Bonus projected to be ZERO for 2025
ZERO payout for EBIDTA metric. You lose! Good day sir! Yet another reason to leave this piece of sht. "As discussed in our second quarter earnings call, in the first six months of the year, we achieved $1,988 million in adjusted EBITDA and $6,558... — read more
There she blows, "again", enough with the "Girl Power" stuff
https://www.linkedin.com/posts/forbes-magazine_powerwomenssummit-activity-7239672596403814400-6PXN?utm_medium=member_ios&utm_source=social_share_video
The Death and of copper??
“The bulk of savings will come from streamlining the structure of its enterprise business, reducing the number of networks to one from four, making it less cumbersome to manage orders for customers and deliver services, Stansbury said. The company... — read more
Front facing cameras coming to your garages.
Just got word from management that cameras are going to be placed into each company vehicle, dash + cab facing. You will be recorded every time you’re in a vehicle. Supposedly coming by the end of the year for all markets.
Things that Shorts Front Run; By Oftentimes Instigating
COMPLIANCE (https://www.plansponsor.com/news/compliance/) September 6, 2024 Lumen Technologies Faces Lawsuit Over PRT, Following Similar Cases The telecommunications company conducted a $1.4 billion pension risk transfer with Athene Ann uity and Life... — read more
Verizon Part 2
Jonathan Chaplin in a note on Friday, suggested a scenario where Verizon acquires Lumen and spins out its own enterprise business along with Level 3. Verizon has about 18 million fiber locations growing by 500,000 annually, so adding Lumen and... — read more
😳lol
Verizon buying Frontier??
Need new managers
The current management in Denver, does not know what they are doing. They chase stupid items and over look the real issues. They really have no clue. Dispatch is even worse
VSP, will there be one?
I’ve heard rumors of one coming out, just wondering if anyone thinks this will happen in 2024?
Another Kate executive hire gets fired - no more AI expert
how many senior executives has she brought in and then got rid of? 4? 5? more? Now: "I want to share some leadership changes that will affect our Product and Technology teams. Satish Lakshmanan, our Chief Product and Strategy Officer, is leaving... — read more
A "desperate bid to raise cash amid deteriorating revenues and growing liquidity concerns"
Kerrisdale Capital's short report criticizes Lumen's recent stock surge, claiming it is driven by "buzzy headlines" and "misplaced retail investor enthusiasm." The firm argues that the company's fundamentals remain weak despite the hype. Lumen's... — read more
MSFT or GOOG rumors?
Some rumors swirling around about potentially selling the company to MSFT or GOOG? Anything to it?
Blue Planet . . . part 2
Lumen taps Blue Planet tech to make network inventory simpler Masha Abarinova Lumen will use Blue Planet software to consolidate its legacy inventory systems, providing a view of the network in one pane of glass It's part of the company's plan to... — read more
Lumen selects Blue Planet
https://finance.yahoo.com/news/lumen-selects-blue-planet-underpin-130000587.html “ Improved network inventory data will help drive operational efficiency, reduce cost and spur innovation across Lumen DENVER & HANOVER, Md., August 21... — read more
A step in the right direction . 🌍🌎🌏
Lumen achieves one source of trusted data and reduces manual workload by over one thousand hours Informatica (NYSE:INFA), a leader in enterprise AI-powered cloud data management, today announced that Lumen Technologies, a global integrated network... — read more
The Cawston Family Goes All IN Lumen With Kate, and U.S.!
More D-MB MONEY for THE SHORTS who permeate this employee layoff site to poke fun at. https://techbullion.com/cawston-family-increases-their-stake-in-lumen-technologies-by-over-100-million/ The Cawston Family has increased its stake in Lumen... — read more
New contract 2026
Cwa contract is a year plus away. Will lumen try and break the union. Just curious.
What kind of company are we now??
We have been on this transformation journey for 8 years now: We now have 3 different companies operating independantly (but as one C suite said I'm supposed to say). Last I knew we were transformed to an IT Services company (heard it many times from... — read more
Why so many PM's
What an overly saturated work title this has become! What is the purpose of this work? Shouldn't you at least have to know the product and have some inkling of knowledge about the project you are managing to hold such a title? My thoughts after a... — read more
Are they selling dark fiber for 20 year IRU's can it be monitored?
https://www.lightreading.com/ai-machine-learning/lumen-said-it-will-haul-in-billions-from-upcoming-ai-deals “Even if parts of that network are dated, Lumen is investing in expanding its reach, upgrading its fiber and adding capacity to existing... — read more
This will be great for the fiber guys!
Hey fiber guys, you're the future of the company now! No more layoff talk, and twice as much work. They NEED you now.
Laying myself off. Thank you Kate!
I just got rich enough to quit the rat race at 41. Time to have a long hard think about how I'll enjoy the rest of my years. I feel like a new man. Thank you Kate! Extremely inspiring leadership and vision. As you said, when going through... — read more
The Lipstick on Pigs Will Continue
https://ir.lumen.com/files/doc_financials/2024/q2/Lumen-2Q24-Earnings-Presentation-Final-1.pdf Clearly headed for deep pain as only Public Sector grew, and everything else continues its slide into the toilet. Page 12 of the PDF above: 10.7% year... — read more
$5B in revenue .. but the fine print is important
if you look at the IR page on lumen there's a video by stansbury talking about this. what's interesting is he describes the revenue as "lumpy" (his word), and also talks about these deals typically being over 20 years. so $5b over 20 years is... — read more
" $5 Billion in new "one time business and not a peep. "
Lumen Creates Custom Networks Division to Meet New Demand DENVER, Aug. 5, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced it has secured $5 billion in new business driven by major demand for connectivity fueled by AI. Large... — read more
Lumen Bad Decisions
We all know Lumen SLT has made very bad decisions for a long time, but job numbers were dismal thanks to the idi-its in the Whitehouse, and Lumen will likely need to make more cuts because that's the chatter going around the office. Why did Lumen... — read more
So why did Kate delay Q2 earnings announcement?
Lumen was supposed to announce Q2 numbers this week. Instead they delayed it until next week and announced the MSFT and Corning "AI" deals. If the numbers were good, why delay it? Combining good numbers with the AI deals and the stock would jump... — read more
Stock price
Not that I’m upset. Just confused. Why is our stock rising all of a sudden. 1.82??
any guess how the stock will fall when the quarterly numbers are announced?
I'm guessing a few points, at least back to the 1.50s
Like Mother , Like Son
https://www.ycombinator.com/companies/crew-ai Jake Johnson, co-founder, is Kate's son. Focus is outsourcing using AI. Anyone know if this company is a vendor to Lumen? Note the reference to IIT which is a big Indian university system (multiple... — read more
Microsoft Partnership Announcement
If just selling Dark Fiber requires the title ‘partnership announcement’, doubt any big acquisition is in the works. Thoughts?
Wiz rejects Google's offer . . .
https://techcrunch.com/2024/07/22/wiz-walks-away-from-googles-23b-acquisition-offer-read-the-ceos-note-to-employees/ Cybersecurity startup Wiz has turned down a $23 billion acquisition offer from Alphabet, Google’s parent company, according to a... — read more