Layoff’s are one of the main tools to boost a companies stock price.
Now that we are doing that with some more room to go, the price has risen 48% YTD.
Again, there’ll be another round or two of layoffs of that I’m sure.
So the question is, after its all said and done and the stock is at whatever price its at…..does it flatline, go up or does it go down. A stock price bump is easy to achieve with even the announcement of the word “layoff” much less when you actually do it. So now that we are there….what does it look like going forward?
Does it have legs to keep running or does it drop over time back to where it was 2-3 years ago?