Thread regarding Windstream Corp. layoffs

We are headed for bankruptcy

Windstream can last for a couple more years, when some debt comes due, unless Aurelius forces them into Chapter 11 bankruptcy sooner. The FCC and various state public service commissions will weigh in during bankruptcy since they need to maintain 911/landline services to Win's ILEC subscribers. The challenge for a bankruptcy judge will be finding another telecom operator who wants to take over these customers without owning the underlying assets, most of which are now owned by Uniti. Let's hope another operator is better than the current inept executive team, who understands little about telecom.

Posted by @PKXc3Z1-ogu.

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Post ID: @PMyiFIP

13 replies (most recent on top)

The company is trying to solve the problems with SDWAN. I hope they do. I doubt they will because the executive leaders still take bonuses when preaching “CUT COSTS!” Hypocritical leaders.

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Post ID: @PMyiFIP-bgiuh

We are a medium sized physician practice and have Windstream for our VOIP telephone service. Should we get out while the getting is good or do any of you think there is hope that they will turn things around and survive? How much longer do you all think we have?

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Post ID: @PMyiFIP-8Zioh

"Now the employees just lost a ton of value in their once high-flying stock"

You have to go back a few years for WIN's stock to be considered 'high-flying'! It was in the dumps for nearly two years before they lost the court case. Surprised they didn't try to cook the books a bit like Enron to get the price up a bit before the ruling. Maybe they tried. Guess it will be revealed when the court goes over their 'accurate' quarterly reports.

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Post ID: @PMyiFIP-8Glsv

You were 100 percent correct.

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Post ID: @PMyiFIP-8jzsd

windstream was a sinking ship before Aurelius, they just provided the knockout blow.

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Post ID: @PMyiFIP-81lct

"The company has a lot of attention in the credit default swap world and if it can fix its money mismanagement issue, which they seem to be doing, they very well could right the ship."

They must have you as the 'Stream Scrubber'.

WIN 'could've' had a valuable company - but the executive leadership make stupid decisions - the final nail in the coffin was what Aurelius caught. If it didn't happen from this, it would have happened on something else, they would have gone down like this one way or another.

They had declining revenue, they didn't get rid of the legacy systems fast enough. The executive leadership didn't react quick enough to the changing telecom landscape to avoid this. They expanded the footprint through acquisitions, and the increased revenue never rolled in.

The fiber footprint is a valuable asset that other companies will look at once things stabilize from this. They tried to be like Centurylink too late in acquiring companies.

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Post ID: @PMyiFIP-81mmf

I love how the old comments were so incredibly wrong. Windstream broke the most basic rules regarding bonds: you cannot get rid of any part of the company without Bondholder approval. Simple. Now to read that the CEO is out giving speeches about how this "creative" idea sounds crazy the first 12 times you hear it: wasn't it Goebbels that said that if you tell a lie enough times it becomes the truth? The reason in sounded crazy the first 12 times is: because it's fraud....a super bad idea.

Now the employees just lost a ton of value in their once high-flying stock. I sure hope the CEO and Board step down or this company will never be worth investing or saving!

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Post ID: @PMyiFIP-81nsy

As a windstream employee over 30 years I will tell you they do not know what they are doing. Always putting band aids on situations that end up costing them waaaay more in long run. They never listen to the people who install and repair the equipmenrt such as pieces of garbage lunar dsams that are a big waste of money. We try and salvage equipment to keep antiquated c-ap running ,what a poorly mismanaged company, The upper management should all be in handcuffs, Well I will end this now I am feeling sick to my stomach because of the id--ts I work for,

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Post ID: @PMyiFIP-7Zxpc

Now, let's see what happens...

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Post ID: @PMyiFIP-7Ygxh

Windstream layoffs need to start at the top of the chain, not them bottom. Too many old ALLTEL employees that are pulling the same stunts that almost drove ALLTEL down. And now the legacy Earthlink people think they can just come in and change things. Earthlink LIED to Windstream about how good a shape they were in. How Earthlink Email was a cash cow. The equipment is on its last legs. And other services they said were in place were still on the drawing board.

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Post ID: @PMyiFIP-4yvoq

"

The Aurelius attempt was already unanimously voted as not a default. WS is pursuing legal action against Aurelius. This is common sleaze tactic for Aurelius Capital. I don’t agree with WS recent layoffs but it has been a long time coming with all the money mismanagement in the company. From sales giving away free equipment in the 100s of thousands of dollars and running up company credit cards into millions monthly on personal things. Poor oversight of expenses, paying millions in licensing for equipment on customers who are no longer even with WS because no one bothered to check. Not retrieving and repurposing existing equipment. Having badly trained lazy employees and poor communication between teams that frustrate customers on new turn ups and existing service support.

The company has a lot of attention in the credit default swap world and if it can fix its money mismanagement issue, which they seem to be doing, they very well could right the ship."

All wrong....

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Post ID: @PMyiFIP-emvf

The Aurelius attempt was already unanimously voted as not a default. WS is pursuing legal action against Aurelius. This is common sleaze tactic for Aurelius Capital. I don’t agree with WS recent layoffs but it has been a long time coming with all the money mismanagement in the company. From sales giving away free equipment in the 100s of thousands of dollars and running up company credit cards into millions monthly on personal things. Poor oversight of expenses, paying millions in licensing for equipment on customers who are no longer even with WS because no one bothered to check. Not retrieving and repurposing existing equipment. Having badly trained lazy employees and poor communication between teams that frustrate customers on new turn ups and existing service support.

The company has a lot of attention in the credit default swap world and if it can fix its money mismanagement issue, which they seem to be doing, they very well could right the ship.

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Post ID: @PMyiFIP-lkm

All true...

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Post ID: @PMyiFIP-xza

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