https://bizwest.com/2023/03/07/45-acre-broomfield-office-campus-for-sale-as-lumen-technologies-plans-exit/
Just an idea or two
It's obvious that whoever is the CEO of this company is only here for a paycheck and golden parachute. Part of my anger with the company is the freaking Shell Game that we are still in. CenturyLink, Qwest, Century-Tel, Embarq. Wherever you came from... — read more
Techs have voiced their concerns for years
But management always treat the front line workers as if they know better. We have warned, suggested, and did everything we could to explain to them what was happening and what the company can do in areas to at least catch up with the competition if... — read more
$2 Handle - Finally Here Folks
Well, we started posting at the $5 handle and now we are at $2. This company is being set up to be sold to private equity in many different parts. I feel for all the people impacted except for the former Level 3 management. Why is the HR dude... — read more
Woke
Woke=Broke. Stop catering and pay attention to what matters in the industry. The new CEO clearly cares about work matters and is destroying this company from the inside out. Let’s get customers by building more plant, stop automation customers... — read more
Who was the most damaging COE?
Please vote bellow
No job security here
Umm. No job security here. Maybe in India for Lumen. But the horse back ride to work will be rough. Hard to believe new hires don't get pensions, have a higher insurance and not grandfathered into the previous contract perks. Also, to get the full... — read more
The ISPP has now arrived at 2.99 a share
All of you who were against VSPP'S can now watch people who don't want to leave lose their jobs. Congratulations
3.00 Stock - IOU
Just posting that March 8, 2023 2:45pm EST. Lumen is at exactly $3.00 a share. March 8, 2023 = $3.00 March 1, 2022 = $11.27 March 1, 2021 = $13.35 At this rate we will owe the investors. March 1, 2024 = I.O.U $8 a share. Sorry about that. Xoxo... — read more
The McDonald's person
To the person or persons who are coming into this Lumen Layoff website to defend the dying company; you're an id--t. First, you don't receive brownie points or a raise for posting support to Lumen. Unless you are emailing screenshots of your remarks... — read more
Not a good place to work
Lousy pay, lousy benefits, lousy job security, lousy management, lousy work environment, lousy culture... I could continue listing the bad things about working at Lumen but if you ask me to name just one thing that's good about this place I couldn't... — read more
Lumen removed from the S&P 500
https://finance.yahoo.com/news/fair-isaac-co-set-join-235600740.html "S&P MidCap 400 constituent Fair Isaac & Co Inc. (NYSE:FICO) will replace Lumen Technologies Inc. (NYSE:LUMN) in the S&P 500, and Lumen Technologies will replace Bed Bath & Beyond... — read more
Lumen securities fraud investigation
https://www.prnewswire.com/news-releases/lumn-investor-alert-levi--korsinsky-llp-reminds-investors-of-an-investigation-involving-possible-securities-fraud-violations-by-certain-current-and-former-officers-of-lumen-technologies-inc-301759908.html
2 Handle Coming to a Theatre Near You
For all the devoted suck ups in Denver. I thought it’s time you realize that this company will be sold to private equity for little to nothing given the debt to cash ratio. This stock will hits the 2’s soon. Did the CEO continue to hide from Covid... — read more
April 7 is dday for repair
Heard from very good sources that on April 7, repair agents at lumen will be rifd and jobs outsourced over seas. If you are in repair better start looking for new jobs. the death spiral continues.
Current market cap: $3.2 billion.
Level3 purchase price 5 years ago: $34 billion. Is this what could be called a death spiral?
Lumen hit the 3 handle
I stated a few months ago this stock would hit the 4 handle but has now overachieved and the stock has a 3 handle. Is the greasy HR guy still around with the hair gel from the 90’s? What about Ed the Opossum overseeing sales. How about the lady... — read more
Not sure why no one is talking about it
New hires coming in are making more money than the people already doing the job. I think it's fair if they do more of the work. Thats why employees are dropping like rats off a sinking ship. This company is unsustainable!
They're trying to drive us to quit
By piling on the work,cutting back employees and letting contractors go. Doubling the amount of living units to be turned up. I don't want to take any more classes or go to any more meetings. Give me a damn package an I'm outta here! This is a... — read more
Dear HR employees who monitor this page
Please add into Straight from Kate suggestion box to offer vspp's to speed up attrition & lower operating costs. $25-30k isn't going to put a scratch in the corporate bank account versus the 40 million or so that you gave Storey to leave. The company... — read more
Lumen steps up to providing exceptional customer service in rural America....NOT!
Essex, Montana residents wary of CenturyLink's solution for poor phone service. https://finance.yahoo.com/news/essex-residents-wary-centurylinks-solution-100200814.html
The advantages of getting rid of unnecessary layers of management?
Look at the US Tech Support side: you will see layers and layers of managers, supervisors and analysts that really do nothing for the company, looks like fractals- repetitive layers of management that all look the same spread over several states. You... — read more
Groups to FIRE immediately
Kate wants lists. Who needs to go now. Go
Chapter 11
with continuing falling revenues and $54 billion in liabilities it's only a matter of time before this goes bust - this will go chapter 11 in the next year so they can restructure and ordinary shareholders will be wiped out. A new Lumen will then be... — read more
Next stop bankruptcy?
Catastrophic fourth quarter earnings are out. Q4 2022 revenue was down around 25% compared to Q4 2021. That's $4.8 billion in Q4 2021 and $3.8 billion in Q4 2022. The cherry on top is a $3.27 billion "goodwill impairment charge." Whatever that could... — read more
https://www.fiercetelecom.com/telecom/lumens-new-ceo-prepares-reset-new-hires-culture-shift
Thoughts? Let's hear them
North Star takeaway
My takeaway from the North star presentation was there will be no raises except for a very few employees.
Stop dreaming of a profiting company.
When the copper is sold off; Lumen stock will explode! How can someone think that is going to happen? I recall at one time USWest stock was at *$86 a share when copper was the only material in the market. Since then this company has passed the CEO... — read more
Lumen does not want employees.
Call it for what it is; Lumen does not want to have employees on payroll. HireVue was activated last year which is preventing past experienced employees re-entry to the company at a time where the company needs more staff. The union contract was... — read more
No one wants to work here anymore
My crew is terribly understaffed. People who were hired left in record time. Does anyone want to work here anymore? It seems that the reputation has hit the rock bottom.
Management
To all management, 1st level, 2nd level and beyond. If you have never done the job, not one tech respects you. You can learn as much as you want but you will never gain respect. This just happens to come from the Spokane area. Most real... — read more
Lumen is headed to a $4 handle
If Storey doesn’t get clawed back along with his team, the board will be called before Congress.
CenturyLink Layoffs 2023
Do you think there may be small/medium/large CenturyLink layoffs? Any chatter, news or rumors?
4 more states gone
Wonder what will be left when they are done selling: https://www.fiercetelecom.com/telecom/lumen-rumored-seek-buyer-assets-4-states
Stock Investors in Denial
I frequently go to Yahoo LUMN stock to see the stock conversations. Be sure to pull down and select Newest Conversations. I consistently see investors say to hold on because LUMN stock its going to soar. Using Yahoo, I can click on the stock chart... — read more
Bust
This company will go Chapter 11 within the next few years and T-Mobile will pick over the carcass.
Next week's layoffs
What can we expect next week? Will there be even more small cuts or will they drop another major round on us? Is there ANY chance that maybe we won't see any of that? It's Saturday morning and instead of relaxing and catching up on my shows, I can't... — read more