Oh, look at that. The stock price went down. Again. Color me surprised.
A company which RIFs its staff for non-personal performance reasons is a company which has failed. A company which RIFs its staff to increase the stock price is even worse - and they’ve even failed at that!
And a company which RIFs its staff for the personal enrichment of its upper levels is something beyond failure.
@jz She should be fired, tarred, and feathered
The stock price is the same as when SunGard was acquired near the end of 2015. Stephanie should be embarrassed.
As of now (11/21 @12:30 EST) it is way up, along with the market in general today, but FIS has a bigger gain than both FISERV and Jack Henry for industry comparison. Historically/industry wide, layoffs usually bring the stock up. Sadly, investors look at it as an expense cut.
@OP It doesn't work like that. The market is down overall. RIF's aren't done to increase stock price directly.