Instead of fortifying our foundations with innovation and process refinement, we're opting for a short-term, destructive approach: dismantling our workforce. It's a myopic strategy, treating human capital as an expendable commodity rather than the lifeblood of our organization. We're sacrificing long-term growth and stability at the altar of immediate cost reduction. By focusing solely on eliminating people, the most unreliable, inconsistent, and costly resource, we overlook the potential of our workforce to drive innovation, improve efficiency, and ultimately, save the company.
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"Layoffs are the mask for management failures" That was in my business class 101.
"Historically, layoffs were difficult decisions made under extraordinary circumstances. In the past, companies typically resorted to layoffs during severe economic downturns or when faced with unprecedented challenges. These decisions were often agonizing and made with a sense of failure or impending bankruptcy. Once seen as a last resort for companies in dire straits, have increasingly become a normalized tool for managers who lack the competency to manage both growth and downturns responsibly. This normalization signifies a troubling acceptance of wastefulness, spoiledness, and incompetence as standard practices in corporate management."
Just listen to their excuses. It was covid, it was the fed increasing interest rates and the carriers scaling back. It couldn’t have been their sh---y strategy of just spend money. Everyone up top will be just fine with their millions and get another c suite job at these new fiber companies. Just don’t go work for any of those new companies CL or KR go too.
Failure starts at the top. Unfortunately, those not at the top have no options to correct the direction. The top echelon of the company always is in a cover your a.. position and do whatever is necessary to make their exit or existence palatable for them only.
Fiber is growing, new companies popping up everywhere. The incentive to build high speed networks is there and there is plenty of federal funding available to build these projects. Crown has unfortunately made a misstep and never fully realized the benefits of this and instead decided to invest in a garbage product, Rapid… which rapidly got rejected in several jurisdictions. So much time and money sunk into such a horrendous idea. Thanks a lot CL! Great job! Keep up the fantastic work!
The problem with Crown is that there are too many heads in power that immediately react to a situation versus looking at the problem and trying to analyze it thoroughly. Many of these leaders make hasty decisions that ultimately result in bad outcomes. The other issue is a systemic issue, where our shareholders are greedy, they want profits now, not 10-20 years from now. Towers has changed over the years, costly construction and acquisitions which managed correctly, turned into a stable business and excellent ROI… Fiber is different. The fact that contract terms are shorter coupled with high construction costs for a single tenant/customer is not a good model. Many of our builds should have been concentrated in densely populated commercial areas where these higher cost builds could have returned better profit margins. I’ve been in small cells and fiber, I’ve seen the mismanagement of sales reaching quotas with negative ROI, and builds costing 10 if not 100s of thousands of dollars just to justify a new longer build in the middle of nowhere. My belief is that with the new stricter on focusing on ROI versus just build it to build it will greatly increase our profitability over time, but shareholders are impatient. We will see what the outcome will be. My hope is for sections, such as fiber/small cell islands that have no growth potential will be sold off and that we can build a stronger portfolio of profitable networks in areas that make sense.
Service Now will fix it!
Ummmm.... The industry has been hurting for a couple of years now. That's not some insider secret or conspiracy.
Industry is doing fine, it is the company that is the problem
Sounds like an excuse for not really doing anything and needing 8 PMs per job and 50 meetings a week.
Because Crown let a fiber grifter sell them on a sales system for construction and now all of our reporting has to be stitched together from two systems using Power BI. so PD has to work a day explaining why reports are wrong or don't align to the powers that be.
AI could replace all of project delivery. How has that bloated department not been cut yet.
WE DO NOT NEED PROCESSES!
What don’t y’all understand.they want us to make processes so they can give our jobs to computers !
From the Desk of the CEO:
This is all I know how to do. So get back to work (until I cut you loose) and quit
complaining.
Best Wishes - Steve
Company is going from one extreme to another.