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Crown Castle to slash about 15% of workforce

Clyde Edgerton by Clyde Edgerton
July 24, 2023
in Markets
Crown Castle to slash about 15% of workforce
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Telecom company Crown Castle Inc.
CCI,
+3.91%
announced a series of corporate moves Monday, including a workforce reduction of 15% and consolidation of office space. The company is seeking to cut costs by $120 million and align operational needs in the second half of the year, according to a regulatory filing. It also named two new members to its board of directors.



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