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CyrusOne Announces Cost Reduction Initiative and European Leadership Transition - News released on Mon, 13 Jan 2020 08:33:09 -0500- REITNewsHeadlines - 2020-01-13 09:36:29 PDT

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I purchased #CONE about 1 hour ago and price still going lower. - RoTtom - 2020-01-14 10:03:45 PDT

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#Cone also announced in the press release that - it has mutually agreed with Tesh Durvasula, President of Europe, that he will leave CyrusOne to pursue other interests, effective March 1, 2020, and remain in a consulting role through June 30, 2020. Matt Pullen, Managing Director of Europe, will assume his responsibilities. - BlueBlue - 2020-01-13 15:24:40 PDT

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Why is #Cone down 6% this morning?? - Rocco64 - 2020-01-13 10:07:18 PDT

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#CONE is slowly rebounding, this was probably a good buy opportunity! - Kodibearb - 2020-01-15 19:22:41 PDT

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Any previous indications of this cut? - Omick99 - 2020-01-13 13:55:31 PDT

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#CONE today announced a “workforce reduction, effective immediately, that impacts 55 employees, representing approximately 12% of the Company’s workforce. “This step to rightsize the organization, while not an easy decision, will result in enhanced margins and higher profitability over time, strengthening our position in the current environment as we maintain our focus on driving organic growth,” said Gary Wojtaszek, president and chief executive officer of CyrusOne.” So this is concerning since it appears to come out of left field to me. That is why we saw an unexpected price drop. - LLNN - 2020-01-13 10:11:10 PDT


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