As I understand it's not a favorable signal but a correction. The market price, in theory, already reflected the expected demand downturn so measures taken to l

As I understand it's not a favorable signal but a correction. The market price, in theory, already reflected the expected demand downturn so measures taken to lower their "non-billable corporate functions" costs usually means that the market will correct the price. That said, I'm not a fan of corporate behemoths using humans as an elastic resource or ballast they can throw away at the first sign of problems. This isn't a mom and pop that can't keep paying an employee during hard times but a public company keeping their year-to-year indicators looking pretty.