And frankly layoffs had almost no effect on their stock prices. Announcing new products, even if quite half-baked AI efforts, had much bigger impact on stock prices than layoffs.
> And frankly layoffs had almost no effect on their stock prices. Announcing new products, even if quite half-baked AI efforts, had much bigger impact on stock prices than layoffs.
This is true but you know what? Every action of the CEO is meant for the investors and large shareholders. The layoff is merely a signal that says
"I am willing to do what it takes to give you your return. Buy more shares"
