Crown Castle Inc., in a dramatic turnaround, has left its employees in Canonsburg, PA, scratching their heads after abruptly canceling plans to relocate them to the corporate headquarters in Houston, TX. The decision comes following activist investor Elliott Investment Management’s call for changes within the company as CEO Jay Brown prepares to step down in January.
Interim CEO Anthony Melone, set to take the reins on January 16, dropped the bombshell Tuesday in an internal email, stating, “We’ve made the decision to cancel the planned relocation of more than 1,000 teammates announced on October 18.”
This flip-flop has drawn mixed reactions. While some employees, who had reluctantly begun preparations for the move, welcomed the news, it left others who had planned to relocate or had already accepted severance packages in a state of confusion.
The initial relocation plans were part of a broader restructuring effort aimed at cost reduction, with the moves originally scheduled for August 2024. Crown Castle’s about-face has left many pondering the company’s future direction and its commitment to its workforce.
Some employees who didn’t want to relocate to Texas were offered a severance package, they said, but are concerned that it might be withdrawn.
Although most employees welcomed the stay order, the move prompted a barrage of criticism on TheLayoff.com where anonymous posts lambasted the company’s executive leadership.
Concerns about potential headcount reductions in Canonsburg and other offices, as part of operational expenditure (OPEX) reduction, have raised doubts about the stability of Crown Castle’s strategies, employees stated in their posts.