Crown Castle Says Reduced Staffing & Field Office Locations, Sees About $100M Annualized Cost Savings
Portfolio Pulse from Benzinga Newsdesk
Crown Castle announced a reduction in staffing and field office locations, expecting to achieve approximately $100 million in annualized cost savings.
July 17, 2024 | 8:35 pm
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Crown Castle is reducing staffing and field office locations, which is expected to result in $100 million in annualized cost savings.
The reduction in staffing and field office locations is a significant cost-saving measure for Crown Castle. This move is likely to improve the company's profitability, which could positively impact its stock price in the short term.
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