How’s that possible if we know layoffs are here because sales are bad?
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@@1xwq+1nT74hFa, everything in business is driven by someone who is high in the management. Eventually they are the part of any good or bad move. This is for sure, opex is high and needed a serious attention. The low PE of QCOM su-ks. Don't worry- things will be alright.
Someone high in management screwed up big time. They now need to lay off the ones that didn't sc--w up! Business as usual!
OP seems to be a noob.
Interest rates have risen the fastest ever in last 18 months.
Money has become very expense comparatively.
Stock market all time high
Home prices all time high
We are living in the biggest bubble of all time known to mankind.
Its gonna be interesting
If we are having ng patoffs
Because the company isn't making enough money, the stock should go down.
Stock prices are up due to 'fomo'. Economy in general is not in good shape. 4th quarter earnings is more important.
The earnings call tomorrow afternoon will tell us everything. CA did mentioned in the last all hands that there won't be additional layoffs this year. Things must have gotten really bad if additional layoffs are being planned so quickly.
I think it is possibly because the Earnings call is coming up tomorrow.