Heard layoffs in Srce PMO this week . Anyone knows the count and why it’s not in news yet ?
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Agreed that it's likely due to the earnings call. Layoffs that hit people that were paid the most are a way to help pad balance sheets a bit in the operational costs, considering they reclaim salary and tons of unvested stock.
Then again, they don't publish even internally layoffs that happen, will need to watch for SEC filings. Only a guess, but likely they want to avoid a panic internally and also with investors, because boy the stock market is full of emotional id--ts, nothing makes sense there.
They don't want to disclose the amounts because of the earnings call. They don't want the stock prices to fall more
layoffs next week?