Stock took a hit because investors see right through the ELTs plans.
Layoffs are guaranteed this year and next year, just wait until India is fully hired and trained up. They won't layoff until that is complete as it will throw a wrench in those plans.
Take a look at the article on the stock published by Seeking Alpha the other day.
The writer there does a good job of explaining why the stock has dropped significantly. To sum it up for you, BBs plans to increase revenue is to simply raise the prices of contracts significantly, which risks massive churn from customers.