Seems like every few months now Towers has rounds of layoffs. The organization should just file for bankruptcy at this point and do the inevitable. 1.5 billion in debt and the organization isn’t profitable year over year. You can’t just keep cutting staff to try and make up the difference. Staff have no trust in management. Competitors are moving into the area and taking market share. Tower should try and sell off Pottstown, Phoenixville, and St. Chris and focus on Berks County. Management doesn’t even care about the other entities and it shows.
Overall, the rest of the year should be very interesting. Something big is coming soon and it won’t be pretty.