Thread regarding Crown Castle International Corp. layoffs

@f4 wow when it’s laid out like that it’s disgusting that this was allowed. Next their push more out cut our benefits so they can take an executive retreat or lay off anyone on maternity, paternity or out sick at this rate for new matching purple sneakers.

You can’t cut your way to success. Blind layoffs leave fewer people doing more work while the organization struggles to recover.

Fail at the top, cut at the bottom, collect millions on the way out. Yep, makes perfect sense.

Looking back just for last two years:

• $165M — targeted annualized savings from cutting 28% employees.
• $118.28M ($136.78M after the additional estimate payout to Patel/Piche) already reported for 8 failed executives exiting (does not include executives who didn’t exit or the excessive VP / director level).

Maybe shareholders will start asking what inefficiency at the top has cost?

Every time CCI’s stock price has three 6s in it, my brain automatically goes, “Satan.” 😈 Then I remember… nope. Sunit. And his approach has been spend more on consultants then layoff more so all relevant and the sooner he’s gone the better off we are to recover.

This is a layoff site are we going to just glance over the fact they a looking to improve there margins by workforce reductions.

@bj AI absolutely uses towers, the cloud may run on fiber, but your phone, car, camera, IoT device or other wireless device doesn’t magically connect itself to that fiber. Towers are the wireless on/off ramp.
AI → data center → fiber/backhaul → tower → device, and back again.
Even more interesting, CCI is already testing tower sites for distributed edge compute and AI inference. The fair debate is how much of that demand turns into tower revenue not whether AI uses towers. If they ever brought anyone in that knew where and how to locate what we could sell so we could sell the fiber if had hope but instead they brought in consulting armies and never got the boots on the ground we needed so it was either do that or sell.

@bb they said the same thing from 2017 to now. They are always expecting more growth and at that time it was 5G. Now they are saying 6g and more demand. Also ai doesn’t use towers it all fiber. They are spending a a lot on fiber. If only we had a fiber company. Face it CCI will be 40 in 3 years

Painful to hear him speak but likely script written by Kris and it was solid, nobody had to pull the fire alarm but many were ready. Message is 2026 is the trough, towers aren’t dead, and spectrum, densification, AI traffic and 6G give Crown plenty of runway. Basically: mature ≠ dying which is true and needed message regardless of the drama Did he get us to $94? Nope. Did he give Wall Street a new reason to send us to $60? Also nope. I’m calling that a win and the next win is when he’s no longer in the building. Now stop the gloom doom panic reactions fix what the failed leaders broke and move on. Bye Felicia take the purple sneakers with you.

But the company is on fire… so there’s that…

I wish they’d let KH do it. He can actually talk to people, he speaks human. SP can have all the right facts, but somehow the delivery never lands no matter what he’s actually saying. Haven’t they figured that out yet?

And anyone who’s survived enough town halls or Teams meetings knows exactly what I mean. There are some EPIC screenshots of those facial expressions. Half the time he looks like the annoyed villain in a bad movie.
Today we need confidence which he doesn’t do well. Hopefully people don’t watch and just read the transcripts.