Thread regarding CenturyLink layoffs

Big

Anyone else hearing rumors about something big going down next week

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Post ID: @OP+16SLr9Xr

139 replies (most recent on top)

I was at Sprint when they spun us off to EMBARQ dumping most of the debt and telling us we would take over another telco..LOL. Then we got bought by CenturyTel which was 1/3 our size but no debt. Look for Storey to spin off the local telco and saddle it with the debt to die a slow death. Meanwhile the board will line their pockets. Frontier and Windstream cannot afford to buy assets, They bought too many dying Telcos already and are barely hanging on. Of course I live in territory and because they refuse to upgrade or even maintain outside plant, they only offered my 3mb DSL when I used to get 20 mb which I was happy with. Now I have no choice really but Spectrum with their annual price increases. Sad days from United Tel System to now. Thankful I got a pkg and was able to take my full pension balance and 401k with me.

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Post ID: @iklx+16SLr9Xr

I love how it's always "skilled field tech" or "craft", and passive aggressive comments towards anyone sitting inside. That's right, it's so easy being inside, and also easy to continually get higher wages at a new company. Not limiting oneself to using a screwdriver, but having a tool in your hand is somehow making you feel better than others. Not the first time you've held a someone else's tool I'm sure.

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Post ID: @icpg+16SLr9Xr

"These Level3 / Lumen guys are way ahead of you unionized guys. They already have non unionized contractor all lined up ready to go. Don’t let your ego bite you in your butt. It’s better to abandon ship than go down with it."

the contractors have NO understanding or Skill, i go back on contractor jobs daily! they must love repeats. i dont mind, but the company wants to pay them to go, then us to go again to fix what contractors wont do...?

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Post ID: @faqq+16SLr9Xr

All I have to say is I’m an ex-employee, since January, thank Heavens. I do not live in CenturyLink territory (or should I say Lumen Technology), thank Heavens. And if I ever move, the first thing I will ensure is that I’m not moving into their territory. No way in hell!!

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Post ID: @7fcv+16SLr9Xr

Pssstttt..... errrbody,

(a) Carrier of last resort cannot depart a market, no matter how failing it is;
FCC will step in to demand customer service.

(b) Even if failing; Windstream or Frontier will fight to purchase these rural markets.

(c) Glen Post & Stewart Ewing were ousted in the L3 acquisition due to egregious accounting practices. THAT was/is not public info!!

(d) Now that Post's gone, Maxine has no protection. She is an id–t and over employed by maybe 4 levels. Storey & company saw this liability & put her over that segment so when it gets bought, she goes with it. Divesting themselves of tech & employment liabilities.

(e) You have gross incompetence & managerial problems in both Monroe & Denver(Quest, not L3).The house cleaning will come in purging those leaderships; cutting the pinkie to save the hand. Research past senior leadership from CTL that left and failed miserably.

(f) Along with these management structures; you have toxic work environments in both locales... each for very different reasoning... the 'One Company Mindset' only put Miracle Grow on these & allowed then to fester under Post & company.

(g) The local, ilec copper has profitability and even opportunity to expand. However, nobody sees the vision, nor wants to listen to any discussion that last mile is a lifeline to many $$ that can be harnessed.

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Post ID: @6rzp+16SLr9Xr

Something Big - what does it even mean

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Post ID: @6ifr+16SLr9Xr

I’m sure you will receive another email from M.W in a few days that will be quickly pulled back from your inbox.

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Post ID: @5ajp+16SLr9Xr

Just heard this is not even real.

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Post ID: @5lbw+16SLr9Xr

I think the early release of this information created a gap, they were planning on releasing this on Tuesday from what I have gathered.

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Post ID: @5zfb+16SLr9Xr

You would think there would be a call from your manager with info today...so far crickets

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Post ID: @4vhs+16SLr9Xr

The obvious end of CenturyLink is finally here and the layoffs are not far behind.

Best of luck to the Monroe corporate office employees.

CYA

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Post ID: @4alq+16SLr9Xr

So the expected story plays out.
Level 3 gets "bought" in such a fashion the CenturyLink assumes all of its debt.
The new company harvests all of the assets fromCenturyLink, including IPv4 addresses
They then "spin off" the residential and small business group into a company with all of the liabilities and debt, and none of the assets.

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Post ID: @4rnq+16SLr9Xr

after watching the video, it kinda feels like legacy CTL is now the red-headed stepchild of Lumen, although Maxine did acknowledge the consumer side pulls in 25% of total revenue at ~$1.2B, that's nothing to shake a stick at. CTL isn't going anywhere, but Maxine did make clear the obvious, that it's in decline and must be very efficient. So we know what that means, there will be continued changes/downsizing.

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Post ID: @4abo+16SLr9Xr

should have just stayed Level 3 all along

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Post ID: @4ojj+16SLr9Xr

Lots of angst being posted. Just accept the obvious, that Branding level three and ctl together makes no sense

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Post ID: @4axo+16SLr9Xr

Website is live:

https://www.lumen.com/en-us/home.html

"NYSE ticker changes from CTL to LUMN"

"No other financial changes as a result of this announcement"

Investor Sheet - CenturyLink Rebrands to Lumen

https://s24.q4cdn.com/287068338/files/doc_downloads/2020/09/Lumen_Investor-1pager_2020-09-11_Final.pdf

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Post ID: @4kxl+16SLr9Xr
  • any field tech in operations feels a little different. 90% of us are scratching our heads for a bit now.
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Post ID: @4mvr+16SLr9Xr

Lumen is a great place to work and the cultural is amazing. Lumen has empathy and compassion for their employees.. do I need to say more?

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Post ID: @4rsl+16SLr9Xr

The patent office website is gone...

"Reserved idc 63.227.100.138"

https://lumen.com/

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Post ID: @4vkj+16SLr9Xr

I agree with the few that say there is a lot of hate posted here. Nobody is forcing you to work here, leave if it's that bad. I am a CWA customer facing field technician. I hear the customer complaints first hand and can see that the company does not want to invest their own money into the local/consumer side. It's a shame that we have so much fiber running past so many neighborhoods, but we won't go in at all or won't overlay the copper with fiber. Level3, Savvis, Digital Teleport (now Lightcore) all point to the fact that CTL wants to be a backbone provider and not an end user provider. It's pretty disappointing to people like myself that, even though we're aware of the companies problems, still enjoy the work and would like to work another 25 years here. There is still money to be made in being a consumer provider, but it isn't what the company wants. There are countless startups and power coops across the nation putting fiber into the ground and taking our customers. Don't forget the cable companies that are going more places now than ever before, even though TV service is on the decline and 5G is growing. Look at Charters stock now vs 10 years ago, 20X what it was. They know people want high speed, so they up their 100M to 200M. They know traditional cable TV is on the decline so they launch a streaming service. CTL had a streaming service and most of us never even knew it, CenturyLink Stream. So when an internet provider wont place cable in new developments and drops its streaming service; it's obvious they don't want to be in those businesses.

The point of all this is not to complain, but to say that I want to be optimistic. Some of the copper areas may continue to suffer, some are so rural they will remain unchanged. I'm hoping the renaming of the fiber to Quantum Fiber is a sign that the company may try to build on our local fiber. It could be just to get away from the bad reputation and get a few more customers to show some profit. This may not be a long term plan for the company, it could be just to make it look good enough that someone would buy the Quantum portion. Whatever the plan is, it leaves hope to the field techs that some of us may still have a job in the future (hoping if it's sold we stay with it). Why show a divide in the consumer side by assigning separate names to the copper and fiber sides if the plan is to just shut it down? They're not going to just shut it down overnight. CenturyLink may pull out of some small areas, but not an entire market. There will be better options than that.

And to the now Lumen side that seems to have a problem with the consumer side, don't forget what built this company. Yes, they are transitioning from telecom to technology, but don't forget that Telecom is what built this company since the 1930s. People like me built this company, Not people like you. A desk jockey is much more easily replaced than a skilled field tech. I believe most of us would welcome a sale or to be spun off, so long as it's to someone that wants to be on this side.

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Post ID: @4orp+16SLr9Xr

What do you mean shut down residential and small business customers? The government will never allow this?

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Post ID: @4ker+16SLr9Xr

Centurylink !

Ride The Bit Errors

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Post ID: @4ual+16SLr9Xr

Yooo give this a like if you deal with “there’s a hum on my phone like BS!” “Every time it rains my phone blah blah blah” god I hate this job ..

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Post ID: @3ifo+16SLr9Xr

The last few years have been similar in some ways to Qwest being bought. They've obviously been trying to transform the way we do things and the structure of the company to make it look better on paper if you ask me.

It hasn't been fun and customer service has been sacrificed during this process.

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Post ID: @3mft+16SLr9Xr

These Level3 / Lumen guys are way ahead of you unionized guys. They already have non unionized contractor all lined up ready to go. Don’t let your ego bite you in your butt. It’s better to abandon ship than go down with it.

That's a good one there is no one to line up, let alone with experience.

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Post ID: @3jbf+16SLr9Xr

It is obvious what they are doing. When they made Maxine the fall guy and put residential and small business under her as it's own little group, it was clear what was going to happen.
Qwest/Level 3 fiber doing business as Qwest Government Services and Enterprise Services going under Lumen. The low profit CTL fiber Level 3 didn't want going under Quantum. Residential and small business under Maxine staying under CTL and will be shut down once they get the ok from the FCC.
Remember when they went thru all the bringing fiber in, taking it right outside the CO and brought it right back in stuff, claiming it had to do with tariffs? And then hand picking Red and Green fiber they wanted to keep, and installing all the new power, bays and equipment over the last year, ever so quietly? Here is why boys and girls.
Should be interesting to see how many more layoffs and how soon they shut down the residential/small business side. There are small signs everywhere if you are smart enough to pick up on them. I sure wouldn't want to be a residential tech or anyone in the DSL support group.

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Post ID: @3ubp+16SLr9Xr

Cash out your pension asap a bk judge is going to take it. Just saying.

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Post ID: @3ecd+16SLr9Xr

These Level3 / Lumen guys are way ahead of you unionized guys. They already have non unionized contractor all lined up ready to go. Don’t let your ego bite you in your butt. It’s better to abandon ship than go down with it.

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Post ID: @3zgb+16SLr9Xr

Duhhh that’s the stock market buddy

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Post ID: @3hdl+16SLr9Xr

That's great that your making money shorting the stock but you do realize your taking it from other investors not CenturyLink.

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Post ID: @3rjj+16SLr9Xr

Yes the post below, that is exactly the piss poor decisions the people in this company keep making. It’s their own doing lol. That’s why literally everyone is p-ss-d and saying here... that’s why everyone is p-ss-d in this forum. Yet the people making these decisions can’t see that and keep making them. It doesn’t get anymore thick than that. it’s constant bad decision making. Do what I do to make money just short this companies stock if know what your doing you won’t go wrong lol

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Post ID: @3wji+16SLr9Xr

Lumen could care less about your over rated since of worth. What don’t you understand about all the CTL layoffs this past year. Do you really think you’re so special you can’t be replaced?
Think again.
You next.

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Post ID: @3cxg+16SLr9Xr

Oh please split us off and make me find a new job. Lets face it Lumen will still need techs to install their equipment and fiber and COT's don't usually leave the four walls, and guess what customers don't reside in the CO. So Lumen will push orders to CTL. As far as the union comment above at least union employees know what they are doing and can isolate and fix sh–t most non-union guys I've met are one trick ponies that pretend to know what they are doing, they complete a job and then we come back and we redo their work that cost double.

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Post ID: @3emx+16SLr9Xr

I’ve made tons of money shorting centurylink stonks lol

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Post ID: @3scs+16SLr9Xr

All this commentary means nothing. The bottom line is way simpler than all this finger pointing.

Check out the CenturyLink / CTL NYSE ticker for the past 10 years.
Down 80% (Losers)

Now check out the Verizon / VZ NYSE ticker for the past 10 years
Up 88% (Winners)

You’re all doomed.

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Post ID: @3wjt+16SLr9Xr

From what I’ve seen and follow is that the current CEO was put in his position basically as an account POV. His plans are to basically butcher the hog and sell individual parts at the meat market. The guy was hired to do a job and he’s doing it. This is my thoughts and what I’ve seen so far. The bonus thing was messed up he looks like a POS but he doesn’t care he was hired to do this .. were in the end game now.

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Post ID: @3qxl+16SLr9Xr

“No wonder Level3 is creating a new spin-off company. With employees like the ones on this blog who could blame them. The sooner they sale off and lay-off the unionized portions the sooner they can get back to making money.”

Level 3 was a debt-laden company that had previously been near bankruptcy, traded for $5 stock for multiple years, and only became profitable after the acquisition of TW. This is why CTL was in a position to buy L3 and not the other way around. But let’s not let facts get in the way of a convenient narrative, eh?

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Post ID: @3qbo+16SLr9Xr

Centurylink had services but no longer has service, catch my drift?

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Post ID: @3wvy+16SLr9Xr

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