https://www.bnnbloomberg.ca/lumen-debt-restructuring-draws-ire-from-left-behind-creditors-1.1993304 (Bloomberg) -- A proposed deal to restructure one of the largest piles of US distressed debt is drawing ire from creditors who have been left out of... — read more 

I honestly don't think there'll be more cuts soon. It takes some time after a major round for things to calm down and for people to settle into the new normal. More disruptions before then would only be to the detriment of the company. I might be... — read more 

Lumen is living proof that you don't need to have common sense or intelligence to be in a member of the SLT.

Maxine sent an email saying it was starting soon. 12/8 is the exit date, but the few minor unknowns are who, where, & what's offered

I did not get the impression that SLT actually read Christensen's 1997 best seller "Innovator's Dilemma " where the term "disruptive technology" was coined. If they had, they might have spelled out how they would make Lumen "cheaper, simpler... — read more 

What a genius move with no accountability.

As a former long-term employee going back to the Level 3 days, the problem with Lumen started when Level 3 acquired TWT, and was accelerated when CTL bought Level 3. The problem is a sales force that is comprised almost entirely of telco dinosaurs... — read more 

What has the general mood and attitude around your departments been like today?

If this car wreck is under $1 for 30 consecutive days (which it will be) it will be de-listed at which point the woke mo--ns and lunatics trying to run this company will be forced by the Bondholders to put it into Chapter 11. It may happen sooner... — read more 

The last 3 days have been utterly absurd. The most unprofessional rif email ever, the earnings call, loss of 40% stock price. Things are coming apart at the seams and the leadership team does nothing but toss around buzzwords and put on an... — read more 

Someone please explain how a Senior HR leader (chief people person, yeah right) can take millions in compensation just to join a company and then 2 months later have the gall to try and look sad at firing over a 1000 people to make ends meet for the... — read more 

How many memes will be made from that call? Terrible situation we are in, but at least it will offer great entertainment.

This is just the opening salvo. I expect to see more early next year, if not sooner.

This morning I saw Seeking Alpha lower Lumen to a 'Sell". And they wrote this: "I am cutting my rating on the stock today to a sell, primarily because the situation here appears worse than previously thought, meaning that the equity here might not... — read more 

How do we continue to pay for this writer and program? how about add it to the STOP list? Lay off 1200 people and hope a book club turns around these leaders...

Could be the only way out

The popup call in "conveniently freezing" they are definitely avoiding hard q&a

First hour of trading and LUMN is at $0.79 with just over 31 million shares traded.

There is no plan for this company. The "darkness before the dawn theory", will not work here. Sell off assets, real estate, eliminate the dividend, fire employees and let the stock fall below $1 will allow this company to become...what? Money... — read more 

Severance packages. saw mention of Florida. Any other states? share info please. Stop the woke stuff please. This is all about Jeff Storey. Kate Johnson is probably in over her head. The root of this problem is the debt Lumen carries and the... — read more 

Lumen has $ billions in federal contracts, grants and subsidies. What are the impacts on those contracts, grants and subsidies if they are not meeting federal guidelines for recruiting and retaining veterans (see VEVRAA)?

Do you think they'll limit & censor questions? I wasn't on the last one, so I'm not familiar on how they run them. I'd expect tough questions if they allow people to be "transparent" using their keyword. Dare to disrupt

The title says it all.

Why hasn't there been a reverse split?

U.S. employees got notices, and not just copper or telco necessarily, across the board. Lumen runs very asset and sales heavy, underfunded for years in ops and strategic portfolio development. From a leadership perspective, Lumen had to do this... — read more 

Lumen will lay off 4% of its workforce as it continues to deal with nearly $20 billion in debt, CEO Kate Johnson announced during third-quarter earnings today. https://www.fiercetelecom.com/telecom/lumen-cuts-1200-revenue-headwinds-continue

Vague fluff email right before earnings call.

I hope nobody is holding this stock in your 401k's or private accounts. Kate isn't making believers with investors. Protect your finances, it's not like things are improving. Another 2-3k will loss their jobs in 2024 on top of the 1200 announced... — read more 

It’s true…laying off 4%

The workforce reduction is expected to be "substantially completed" by the end of the fourth quarter of 2023. So now 30000 employees have to worry and wait to hear if they are one of the 1200. Employee lives on hold for the next 3 months and a bad... — read more 

https://finance.yahoo.com/news/lumen-technologies-inc-lumn-reports-220502303.html Lumen Technologies Inc (NYSE:LUMN) reported a net loss of $78 million for Q3 2023, compared to a net income of $578 million for Q3 2022. Enterprise Channel revenue... — read more 

1200

https://finance.yahoo.com/news/strong-week-lumen-technologies-nyse-105121435.html Good reading ahead of the earnings call.

WOW! We closed today at $1.49. interesting....a day before earnings announcement. Other than possibly tied to Q3 earnings, any one have any thoughts why we closed so high today?

RIF first, earnings call tomorrow, Colt divestiture close on Wednesday then rumors of a sale or partial sale.

New class action law suit covering 2019 to 2023 seeking billions in damages. Looks like if your an investor, you have until November 11th to get in on the class action lawsuit. The case is about the lead cable we have in the ground and the last... — read more 

https://www.natlawreview.com/article/telecom-alert-very-low-power-devices-6-ghz-band-bias-reclassification-proposal-867k $867K Fine for 911 Violations The FCC issued a Notice of Apparent Liability to Lumen Technologies, Inc. (“Lumen”) last week for... — read more