so, do we hear soon from Kate and the other C level executives regarding the rationale for the RIFs, or will we just see more post about road shows to games at Lumen Field, community involvement at food pantrys, and the other "feel good" stuff to mask what is really going on? My guess is they don't want to make a statement that will tank the stock price
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Glassdoor Lumen reviews are crushing management and RIF. Lumen in typical fashion responds with a generic HR response which means nothing to anyone. Legal instructing jr. HR admin to post from the script.
To the person that wrote "C level is doing their job". Nicely written, but what you left out is while the writing has been on the wall for sometime is, successful companies adapt and make changes to weather the storm, ""Listen to you customers, listen to your employees who are face to face with these customer"" not purchase another communication company that was in debt and assume all their debt.
Now if you remember just over 2 years when she first got here, they had their WEEK LONG GET AWAY, posted pictures and fine dining, called it "Employee Appreciation", meanwhile back home supervisor were given a $5 dollar a person budget, if they got that much.
Moral of the story, this company is top heavy and has used this company as their personal piggy bank for them and all the friends that were brought over
This is just my own perspective. I think new c level suite objective was and has been to reduce company size and offerings. Trimming the fat of business services and employees a s make it to a size that can be sold. I don’t think lumen long term strategy is to be a stand alone company once debt and headcount is an acceptable and manageable number will be sold all things are indicating that
Hard to reply when you are busy with recording and re-recording the same valueless beach walk which everything is on “your heart and mind”. Or driving with equally incompetent management as you drive and sing bad songs off key. Really important priorities to drive confidence, SMH.
C-level executives are doing their jobs—navigating a sinking ship in the most strategic way they can.
The decline in the business has been apparent for years—sales and revenue have consistently dropped, and the divestment of assets and business units has only underscored the challenges in staying afloat. The writing has been on the wall for some time, and it's understandable that people are looking for clarity.
However, when a company has been in such visible decline, the need for a formal response seems questionable. The rationale behind decisions like RIFs (reductions in force) is often painfully clear to those who have observed the broader trends: it’s a survival tactic, not a growth strategy.
What’s ironic is that the very people demanding a response might be the first to criticize it as a generic, corporate fluff piece. Transparency from leadership is important, but no statement will change the fundamental issues that the company is grappling with or provide the answers many are looking for.
Busy making margaritas
Then there’s this: December 19, Citi analyst Michael Rollins echoed reports that Lumen Technologies Inc. (NYSE:LUMN) is working with investment banks to explore a potential sale of fibre assets worth between $7 and $10 billion. According to the analyst, a sale of the asset could help reduce financial leverage and improve business performance.
C level cannot address it because they have lied to you over and over again. Workers were already told "this is the last layoff". Workers are su-kers for believing what C level is saying. If you don't know what an exit strategy is then you need to go look it up. Lumen will be gone very soon.
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YOU'RE FIRED!!!!
They are practicing the fake crying and BS down faces for the next quarter earnings call. What a bunch of clowns