Thread regarding Crown Castle International Corp. layoffs

True. The packages have gotten worse, however even if they exclude the RSUs I'm looking at leaving behind ~65k in severance at 2 weeks per year of service if I just leave. I'd need to find something that pays ~65k more, so Crown is going to need to pay me to leave unless I can land a better opportunity that makes up for that. Which is why I'm doing the bare minimum and keeping my ideas to myself as I'm planning on taking what I've learned elsewhere to land a better opportunity right away. If you know how Crown operates, how they deploy their sites, their weaknesses/holes, pricing models, etc. then their competitors (that have more competent leadership) will hire you and will pay good money for that edge.

The next package will be worse. It went from 2.5 weeks and all rsu to 2 weeks and no 2024 rsu. We don’t have anymore money to spend on better packages. The winners were the first round.

I'm holding on until the next voluntary severance or if I'm part of the next RIF either way. That will come at or shortly after the announcement of whatever Crown ends up selling. Elliot will get what they want since they ran circles around our attorneys, board members, and leadership. Look at what they did to other companies. Southwest Airlines looks to be the only ones that were able to successfully fight back against their tactics.

If you've been at Crown for many years and have employable skill sets you're just throwing away the cash Crown has been sending to severance. The good employees I know that were let go had the connections and skills to find employment well before severance was even close to running out. It was like a paid vacation along with a huge signing bonus for their next endeavor...with RSUs still vesting. If you don't have the years at Crown, skills, and RSUs then yeah it may be best to jump ship while you have leverage of being employed.

Golden handcuffs too but starting to think it’s better long term to leave then be here for another quarter or when crown eventually tanks. We aren’t growing anymore and CEO only cares about saving money. Things will only get worse. I bet they won’t even sell fiber bc they can’t get the dollar amount they need to plug the debt they have.

@4odd+1ttLBg5m Absolutely! After the 2nd to last layoff with voluntary severance offered I've been waiting for the same thing before leaving. I thought Crown Castle may turn things around, but it has become crystal clear that the current EMT has no clue what they're doing after years of hopeful course correction. It's only gotten worse and more of that is coming. I have 0% confidence in this company anymore. Wearing the golden handcuffs right now...make an offer to take them off and let me take them with me!

“ CEO's know how to treat employees in a way that benefits them AND increases the financial health of the Company & shareholder value”

Amen. And it’s an election year. Consider candidates that advocates legislatively for employee rights. It’s not something the company is going to say.

That’s one of the reasons they wanted to move everyone to Texas — a state that has some of the fewest protections for employees and the most lenient on companies. Pennsylvania is a rust-belt state that tends to favor the workers’ rights and CC does not like that. California is even more protective of workers, which is why Irvine was one of the first big offices to go.

If you were offered severance, would you take it over keeping your job?

"Crown is a public company. It is the CEO's job to prioritize the company’s financial health and shareholder value. Employees are just a dollar figure on a spreadsheet."

This is a true statement, but good CEO's know how to treat employees in a way that benefits them AND increases the financial health of the Company & shareholder value
even more than when you treat employees as a dollar figure on a spreadsheet.

@2vsk+1ttLBg5m Agree but if you think this company is getting the best out of people you are mistaken. You want to treat people like a number then they will give the bare minimum. All the good people will be gone soon too. There are companies that don’t mind spending money on snacks or keeping the temperature below 72. What left will be the C team of people who are giving bare minimum. Crown will be gone in 5 years.

@2vsk+1ttLBg5m That's whats wrong with corporate American. Employees are stakeholders too. Employees have a vested intrest also. Keep treating them like they dont and your financial results will eventually suffer for it

Crown is a public company. It is the CEO's job to prioritize the company’s financial health and shareholder value. Employees are just a dollar figure on a spreadsheet.

Every time one of you EMT agents. Come in here and give a pep talk usually means something bad is coming. I don't know why you bother.

Business Support/Human Resources post giving y'all a heads up on what's coming once again. Head for the door peoples!!!