I was speaking with several friends, who work for a few investment firms, and they were certain T-Mobile will buy Lumen. With the most recent layoffs Kate and SLT could be setting up the company to sell. A lot of effort is being placed on... — read more
I was wondering how Brightspeed was doing after its first year post Lumen. Anyone heard anything?
How long can Lumen continue to lose market share and revenue before it's forced to declare bankruptcy? I don't have any idea myself but I'm guessing by this time next year Lumen will be in receivership with a Bankruptcy Court.
Blackrock, Vanguard and State Street are the three largest holders of Lumen stock. They hold around 310 million shares combined. Source: https://fintel.io/s-b/us/lumn
https://ksltv.com/605019/bountiful-woman-left-without-phone-service-or-answers-days-after-her-husband-dies/?fbclid=IwAR0DxH-Xq2ph9vLk6f014kP_AXWY_kT4VMibF1CCE_tpn9J5oRdUr3OupuA Maybe the new multimillion dollar SFS dispatch system misplaced the... — read more
https://www.investorsobserver.com/news/stock-update/is-lumen-technologies-inc-lumn-stock-about-to-get-hot-friday Closed at $1.26 down 2.33%
U.S. employees got notices, and not just copper or telco necessarily, across the board. Lumen runs very asset and sales heavy, underfunded for years in ops and strategic portfolio development. From a leadership perspective, Lumen had to do this... — read more
I honestly don't think there'll be more cuts soon. It takes some time after a major round for things to calm down and for people to settle into the new normal. More disruptions before then would only be to the detriment of the company. I might be... — read more
Are we done with layoffs for this year?
Looking for reasons to stay vs daring to leave
Why do I not see WARN notices from our company? checked 3-4 state portals adn nothing I see notices from every other company that's laying people off. I assumed it was a requirement.
With a bold move, KJ turned the
Lumen has $ billions in federal contracts, grants and subsidies. What are the impacts on those contracts, grants and subsidies if they are not meeting federal guidelines for recruiting and retaining veterans (see VEVRAA)?
Hope no one was seriously affected by their negligence. https://www.peninsuladailynews.com/news/internet-wireless-outages-continue/
Lots of great uplifting posts on here since the earnings call. It looks like our great contributors from InsideLumen are posting in here vs there. Thank you for bringing the positivity & trying to quell all the negativity here. We shall overcome
I see Dare to Lead has been "postponed until 2024" Yet another failed woke initiative to add to the long list!
On Saturday, Berkshire said fiscal third-quarter operating earnings rose to $10.8 billion, up from $7.7 billion for the year-ago quarter, according to the Wall Street Journal. The Omaha, Neb.-based conglomerate finished the period with a record... — read more
CFO said Lumen/Quantum Fiber will participate when the time is right for consolidation. In other words, we're selling it. https://www.fiercetelecom.com/broadband/should-lumen-sell-its-quantum-fiber-biz-analysts-weigh
Lumen is living proof that you don't need to have common sense or intelligence to be in a member of the SLT.
Do you think there may be small/medium/large CenturyLink layoffs? Any chatter, news or rumors?
How is it being received around the company? In Denver there might be a handful at best across the titles offered.
Yet another frustrating day of trying to find anyone willing to work at Lumen or at least work with me to get things done. Internally, I think the place is as close to being paralyzed as you can get. People in meetings all day but nobody is really... — read more
on the expectation that this Creature from Jekyll Island, the FED, which isn't Federal and there are no longer any "Reserves" for the People to count on, is going to have reverse their unprecedented course of raising to lowering. This gives the CFO... — read more
https://www.bnnbloomberg.ca/lumen-debt-restructuring-draws-ire-from-left-behind-creditors-1.1993304 (Bloomberg) -- A proposed deal to restructure one of the largest piles of US distressed debt is drawing ire from creditors who have been left out of... — read more
Thank you fellow Lumenites. These TYPES of WINS must continue at all levels of our U.S. Govt. and Military Complexes persistently, consistently, frequently and without fail when thinking about the EIS having replaced Networx contract alone. There... — read more
to escape the VISE GRIP they are going to be squeezed in by the time Lumen gets to $100B Market Cap($100 pps) where it BELONGS, today, compared to legacy Telecoms T, VZ, and even wireless carrier, The German One, TMobile(tmus). The iniquity behind... — read more
How do we continue to pay for this writer and program? how about add it to the STOP list? Lay off 1200 people and hope a book club turns around these leaders...
President, Kathleen Johnson, recently bought a whopping US$970k worth of stock, at a price of US$0.97. Why? https://finance.yahoo.com/news/president-lumen-technologies-picks-24-120543333.html
How somebody was going to take a HUGE SHARE of a MULTI HUNDRED BILLION DOLLAR Broadband World that had converted from Telecom with its Orginal CEO, James Q. Crowe, once saying, "It Might As Well Be Us." US is NOT the United States of America and... — read more
Lumen Technologies: Don't Look Back Nov. 03, 2023 1:53 PM ETLumen Technologies, Inc. (LUMN) Stone Fox Capital Investing Group Leader Summary • Lumen Technologies is facing constant restructuring and slashing of financial targets, leading to a... — read more
I wish The Company would have purchased 500MM shares for less than $500MM also, and reduced total shares in HALF creating untold value for all of us looking ahead, but this is a great start since the one thing investing has taught me over the decades... — read more
The word is out they su-k and leadership is incompetent. No media outlet publishes any thing positive about them. Really makes me wonder why so many people are su-ked into drinking the Lumen kool-aid that's being served out. I know that a few of you... — read more
How many memes will be made from that call? Terrible situation we are in, but at least it will offer great entertainment.
As a former long-term employee going back to the Level 3 days, the problem with Lumen started when Level 3 acquired TWT, and was accelerated when CTL bought Level 3. The problem is a sales force that is comprised almost entirely of telco dinosaurs... — read more
The last 3 days have been utterly absurd. The most unprofessional rif email ever, the earnings call, loss of 40% stock price. Things are coming apart at the seams and the leadership team does nothing but toss around buzzwords and put on an... — read more
What has the general mood and attitude around your departments been like today?
New class action law suit covering 2019 to 2023 seeking billions in damages. Looks like if your an investor, you have until November 11th to get in on the class action lawsuit. The case is about the lead cable we have in the ground and the last... — read more
I hope the new company is successful. Does anybody know how many employees have moved to Brightspeed?
Maxine sent an email saying it was starting soon. 12/8 is the exit date, but the few minor unknowns are who, where, & what's offered