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I wonder if someone could build a hedge fund around trying to predict which companies are going to have layoffs, and make their bets based on that. I think the
by tombert 3y ago
I wonder if someone could build a hedge fund around trying to predict which companies are going to have layoffs, and make their bets based on that.
I think they would be off to a pretty good start just following my career for the last year.
- dboreham 3y agoBut stock prices don't always rise on layoff announcements.
- jakderrida 3y agoThis is an excellent point people neglect. Another one, when I was a FiOs tech for Verizon, is that every strike, workers would discuss the company making money on saved wages. Every time, I'd explain how they're losing money each day we strike and how replacing the whole workforce wouldn't make the stock skyrocket. I even showed workers statements by major banks estimating how much they lose each day. Even wall street has wised up since the 80s.