Originally posted by: Rastus
Even during the telecom boom, Worldcom was constantly laying people off and piling work on the people that were left. When I hired on, there were 8 people in my POP. A year an a half later, I was there alone. I was ALWAYS on call. They kept pushing stock options, so raises were few and far between. Perks were always being taken away. Their wall street shills were always calling us to get us to margin our 401k's, which ended in most people losing their life savings. Then it ended in layoffs. The people that are left are still sufferig.
MCI spent their money building hosting facilities that are still unused and the infrastructure is aging and is very hard to maintain, so a big outage is imminent on their network.
Now with the bidding war between Qwest (who is in just as much trouble) and Verizon has driven up the price of the company beyond what it is worth, so the investors are about to take another bath.
Cliff Notes: MCI sucks