The reason there is spike in the current share price is because some insider news on the upcoming layoff is leaked.
The market likes it when a company reduce its expenditure, in this case the headcount.
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Constant layoffs will continue as the klown's fake news propaganda campaign as well as CFO Bob's to-the-bone cost cutting and number fudging is working to artificially prop up the stock price.
LOL
And where is that supposed leak? Or you mean the constant „layoffs coming next week“ from this board here?
Look at circuit. Chairman wants BK to reduce costs by $2-3bn. ACT was $1.2bn.