I’m now absolutely petrified that La-Z-Boy might start looking at layoffs just to appease the shareholders. The stock drop has me on edge, and I can’t stop thinking about what this could mean for all of us. Does anybody here have more insight into what’s really going on or what we might expect in the coming weeks?
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You may be correct. That is typically the way a company increases stock price. I heard they told all of their drivers in Arkansas and Missouri they would be laying them all off soon. I heard it was a corporate decision. It would be cheaper for them to outsource deliveries to third party carriers.