Thread regarding Lumen Technologies layoffs

2Q earning really suck

https://seekingalpha.com/news/3866470-lumen-stock-falls-3-as-profits-slide-31-and-miss-forecast

Revenue breakout: International and Global Accounts, $996M (down 1.5%); Large Enterprise, $884M (-6.5%); Mid-Market Enterprise, $626M (down 5.3%); Wholesale, $910M (up 0.5%); Mass Markets, $1.196B (down 14.7%).

Net cash from operations dipped to $1.396B from $1.639B. Free cash flow fell to $668M from a year-ago $1.044B. At quarter-end, Lumen had cash and equivalents of $360M; subsequently, on Aug. 1, Lumen received about $2.7B in cash for selling its Latin American business to Stonepeak, and today it repaid about $700M of its term loan indebtedness.

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| 1821 views | | 4 replies (last )
Post ID: @OP+1i372OPq

4 replies (most recent on top)

Let it go dude I have seen them ruin families lives you are needed everywhere send them and f u and Go out they are nit worth it gif bless

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Post ID: @4kbo+1i372OPq

That’s called a foregone conclusion like the last chapter of what’s the use I can’t name names but why is this rich agile Js still have a job when those he let go need food and shelter I digress

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Post ID: @4yob+1i372OPq

Mass Markets still makes a billion a quarter but Lumen can’t seem to try to get rid of us and it fast enough

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Post ID: @1suc+1i372OPq

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