Thread regarding Crown Castle International Corp. layoffs

Keep an eye on this. CCI EMT is expecting losses to continue through 2025 before they can turn things around (I doubt they will be able to), per their quarter 1 and 2 reports. At the rate they are dropping, you should expect they will drop their value another 30% for 2024 which cuts their value to 20 billion. This will remove them from the S&P 500 list for they will drop to below 500, more like 521 at their current trend. This is concerning and the "ONLY" way for CCI to do any recovery is to do layoffs since they are not meeting their sales goals. With the new federal requirements, they will be losing federal contracts since there is no focus on them. The company feels federal contracts are not worth it. Plus, they are spending more than they are making and they are giving dividends at a higher rate than their income. This can only last for so long before the market catches up to them and the stock crashes even more. They will soon be at AT&T prices or maybe even Lumen Technologies prices.

https://companiesmarketcap.com/crown-castle/marketcap/

They'll keep slimming down the people actually doing the work rather than cutting the fat from the corporate teams, where it should be cut.

They need to cut back BS to 2 people per 500 emps and cut out the nepotism at southpointe. It ki-led the place. Real talent held back, left or let go so cousins, in laws and partners could stay. People Makin 150k that couldn't run a lemonade stand.

Towers will also have significant additional cuts Q4. What about all the fat in BS and business process??! LN has her org well insulated.

@1mzi+1oANHKhV There are 12 teams under my VP. That is $1.74 million to cut. If they do that across the org like the last one, hence just a smaller RIF, that will be around 200 people being cut. In this last round of 900 people, I had to cut 6 from the team.

This company is going back to having the amount of people of 2018 when everyone was overworked and underpaid.

@1nac+1oANHKhV, cutting 145k is like thinking saving 10 dollars a month will get you enough to retire on. Crown is in debt and cash flow is a problem. We won’t be able to cover dividends until we make deep cuts and 145k isn’t even remotely enough.

When the levee breaks, mama, you got to move.

The ship is going down.

I wonder which network groups/teams are affected?

Directors are all asked to cut 1 to 3 people for 4th quarter layoff. I was told to slash 145k from my team a d that would be 2 people. This was in our last director's meeting. My team won't have to worry for I'm volunteering. I should have done it the last one. I'm in network.

Any proof on November potential layoff? Haven’t heard anything

Next round in November for network? My management is acting vague

Next round coming in Nov. Leaders are already being asked for names.