If the economy turns around, do you anticipate any Cato layoffs? Any chatter, news or rumors?
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Announcements of layoffs and store closings increase stock price.
There was a pretty big layoff. They won’t give out total numbers obviously because they don’t want the stock to take a hit. The company is spiraling by the second. Seriously. There’s a reason the ceo started investing in real estate a few years back and closing so many stores. He doesn’t make that public though.