What amazing bit of news (positive or negative) will be announced prior to the earnings call?
23 replies (most recent on top)
STI bonuses were also allocated as if everyone got a 5. What that meant was if you managed to give someone a 6, 8 or 9 then you were REQUIRED to take money away from the 5s (or your mandated 1-4s) to make up for it.
That sounds like it might be ok but where it breaks down is if one of your higher-paid employees received a 6, you had to make up for it by taking from more of your lower compensated 5s, so you had a bunch of junior employees losing a chunk of their small bonus because that was the only way the higher paid employee could get their minimum required STI.
It was awful but surprisingly haha HR and VPs didn’t care.
Managers are directly ordered , concerning employee ratings, to not give anything other than a 5; if you really want to give a 6 rating, someone else in your group needs to get a 4.
In 2023 there was a group of ~200 employees I was aware of; NO ONE got higher than a 5, and that on direct orders from above.
Not a good look for a VP to claim that "if they were good they wouldn't have gotten a 5" Most "great" employees are likely earning 5s. Too often, employees feel entitled to high ratings based on tenure, likability, simply doing their job well, or handling a high volume of tasks. But merit increases and exemplary ratings should be earned through measurable impact. If you're not actively driving the company forward—whether by taking on responsibilities beyond your role, implementing meaningful process improvements with quantifiable results, or making contributions that gain leadership visibility—you will be capped at a 5, which is very respectable and where most GREAT employees are likely scored.
Also, when ratings and scores are determined, you’re not just being compared to your direct peers in the same role—you’re being evaluated against individuals across your entire leadership silo. Even if you feel you outperform your peers, there may be others in different departments under the same executive leadership who are making a bigger impact and are more deserving of top ratings.
& Lastly, you have to understand the organization’s position—if the business isn’t growing, leadership will be especially selective with where bonuses are allocated.
i heard one vp had the ba--s to say 'if they were good they wouldn't have got a 5', even though he was the one who said only 1 person could get a higher rating the previous year. of course he's still there
"MS is known to force having a person with low rating designated as every year they need to have a person ready to be cut and I think same is being implemented at Lumen now so get used this as a part of Lumen life and not an exception practice"
Lumen has ALWAYS done this. Managers were ordered to make sure some percentage were in the lower 9 block. usually it was between 10 to 20% of their staff. this is known as stacked ranking and MS was famous for it. even with them getting rid of the 9 block which they didn't really, this hasn't changed.
managers who didn't comply were themselves stuck in the lower blocks, because how dare they stick up for their people! oh and after layoffs it didn't matter, they had to pick new victims for the next years reviews.
I have a suggestion for layoffs: those who make comments here like "women and beta males" as well as laundering money "back to the Dems" - AND those who agree with those statements.
you're dragging the overall IQ of the company down.
MS is known to force having a person with low rating designated as every year they need to have a person ready to be cut and I think same is being implemented at Lumen now so get used this as a part of Lumen life and not an exception practice
Revenues for 2024 were 10% less than revenues for 2023. LUMN record a net loss for the year. Every category saw a decrease. Without revenues you don't need employees. SLT can put lipstick on a pig but the customers have voted. They want someone else. Guidance for 2025 says less revenue, EBITDA and employees.
“Unfortunately RIFs are coming, things are not all that rosy. They serve you cupcakes to distract you all is good and behind the scenes leadership teams are being asked to prepare a RIF sheet based on particularly the low rates folks on recent annual review. Your top level leadership is fake. Also I wonder what’s up Kate been getting less and less visible on these big calls.”
You got cupcakes? We can’t even get the water turned back on.
Of course layoffs will continue. It's the only thing they can to beat on earnings.
Cloudyfying (sic) telecom is their euphemism for same stuff with less employees. Biz customers hate us. The only employees in the end will be female MSFT re-treads and beta males.
Did they reveal how much money has been Laundered from our taxdollors to this company and to its executives pockets and back to the Dems? We do know Bre Brow got some of the action already. All this why they layoff the little people and they themselves launder millions.
We will be sold off before march of 2026 when current cwa contract expires. New contract will be on place for new company to take over.
Unfortunately RIFs are coming, things are not all that rosy. They serve you cupcakes to distract you all is good and behind the scenes leadership teams are being asked to prepare a RIF sheet based on particularly the low rates folks on recent annual review. Your top level leadership is fake. Also I wonder what’s up Kate been getting less and less visible on these big calls.
Is this the same insider that posted this last summer when it went to Ten?
[ We crush expectations, stock going to 9-10. Infrastructure leader in AI and growing. ]
Must know the next ploy to push it and sell high after buying for pennies.
I must say I agree with the poster on the disguised message by SLT. To Wall Street and company post earning calls the world is great and Lumen is on fire.
Internal segment sales meetings the mood is more of the sky falling and we need to get our stuff together
Hmmm…Sounds like leadership team trying to beef up stock and their portfolio before leaving.
21 hours ago by Anonymous | 5 reactions (+5/-0)
Post ID: @gn+1jk7w2qda
Supposedly incredible earnings release yet the stock is down 4%.
You know why, right? Lumen cut out many $millions from the employee list. It has not produced anything new or exciting. The latter is what drives investors, not an earnings report.
Supposedly incredible earnings release yet the stock is down 4%.
No surprise. Again as an employee have caught on Lumen exaggerates the good news.
Devil is in details public sector is doing good along with data center but majority of other business segments are trending downwards
Also yes there will be a massive percentage increase YoY when you posted a billion dollar loss same quarter last year
interesting, stock popped after hours and opened at $5.48..
and then the sunlight shined upon the reality and now the stock is down 5% to $4.75
guess that means investors had time to read through the numbers and see what they actually mean?
Smoke and mirrors. Don’t look behind the curtain.
We crush expectations, stock going to 9-10. Infrastructure leader in AI and growing.
I wouldn't bet against that. The market can only take so many fluff pieces about Quantum fiber, VOMF, and all the periphery stuff so long. Sooner or later they want real tangible results.
Based on all the internal shuffling, quiet layoffs etc earnings to be bad and brace for a stock crash to $2-3 and potential layoff announcements