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Old 09-05-2008, 02:02 AM
 
3 posts, read 5,893 times
Reputation: 12

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Level 3 Communications is always hiring and laying off. They are giving RIFs again.
THey don't know what they are doing. All of the managers and executives have been turned over in the last 3 years.

Now they are so worried about their stock prices falling they are laying off again to curb losses. If they have too much losses the next quarter their stock prices will fall through the floor. To prevent losses they are laying off and have stopped the integration of the companies they bought. Level 3 bought 6 companies and now they don't have the money to integrate them as planned.
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Old 09-16-2008, 03:09 PM
 
3 posts, read 5,893 times
Reputation: 12
Default Level 3 Communications - Financial Crisis

How bad is the Financial Crisis at Level 3 Communications?

I understand their debt is too large for them to have the money to integrate the companies they purchased.

Now with the banking crisis will Level 3 Communications be able to survive?

Are more RIF s going to be given out Christmas Eve again?

I don't know if it is worth the risk to accept a position there.
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Old 09-16-2008, 03:27 PM
 
Location: Denver, CO
3,530 posts, read 8,720,793 times
Reputation: 840
I thought Level 3 was done a long time ago. A few years ago they took a major tumble and laid off just about everyone. Maybe they came back.

I wouldn't hold my breath on RIF's.

IT jobs can be risky these days. My DH is in IT. He used to be govt. contract, but hated that. He's in private now and likes that much better. You could always take the job and then keep looking. Better to work than not.
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Old 09-16-2008, 03:28 PM
 
1,176 posts, read 4,035,149 times
Reputation: 463
Level3 has been in a state of crisis for years. They frequently go through layoffs and the political atmosphere is one of empires and stupidity.

Much of this can in my view be attributed to the low wages they pay, both in terms of FTE's and consultants (rare exceptions, you can get 70 percent as much as you would elsewhere as a consultant ... sometimes). As such you have an atomsphere of people who are either not experienced, motivated or just plain smart enough to work anywhere else, and those who exceed the above criteria are working just hard enough to get a paycheck while trying to find employment elsewhere.

I have done work for them as a consultant on multiple occassions over the years (I've rebuilt an almost identical system three times despite stating as much at the outset) and they rank as the worst place I have ever had the misfortune to experience.
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Old 09-16-2008, 03:30 PM
 
Location: Earth
1,452 posts, read 3,658,704 times
Reputation: 873
I have friends who used to work there & said it was like a 'frat boy' club...with arrogance, stupidity, entitlement, etc. They got out when they knew the ship was taking on water, and neither of them ever had much good to say about working there.
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