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There's every possibility that they had to lie about it. The rules are strict about how and when you can release information that can or will affect the value
by Zobat 4y ago
There's every possibility that they had to lie about it.
The rules are strict about how and when you can release information that can or will affect the value (or valuation) of the company. You being told "in advance" that a company will be letting people go gives you "inside information" and the opportunity to buy or sell your shares before everybody else knows about it.
So while it seems unethical to lie to your face telling the truth might be illegal.
- HFguy 4y agoThey are not legally obligated to lie. They are legally obligated to not say certain things. Which is different. So, they should just say, that, as always, it is a possibility. Which is both true and doesn’t provide info they shouldn’t.
- jcelerier 4y ago> So, they should just say, that, as always, it is a possibility. Which is both true and doesn’t provide info they shouldn’t. Is there anyone on earth who would not interpret "it is a possibility" as "pack your bags" ?
- handoflixue 4y ago"We're legally obliged not to talk about that topic" seems pretty safe, especially if you use it consistently. The more it gets used, the less people can infer anything useful from it, so it's also a valuable norm to encourage.