4 ms·
Why are all of these announced on the same day? Is there some special date comming up or what?
by yreg 3y ago
Why are all of these announced on the same day? Is there some special date comming up or what?
- wslh 3y agoThis is the week when people and families return from their winter vacations in USA?
- tempnow987 3y agoThe budget cycle for 2024 has likely finished so orgs are moving to execute on 2024 plans. Executives can finalize things a bit more easily when folks out of the office as the day to day a bit slower. HR / Acctg / IT also usually like doing a one off project in these spots - usually a smaller group is in loop on these things. The week between Christmas and New Years for the quiet meetings and week after for plans to be finished up.
- Tyrek 3y agoIt's year-end close for most companies, so accounting is, uh, not having the best time for projects.
- akira2501 3y agoWild guess. SEC Q1 Reporting Deadline is Jan 16th. Share prices have been flat or slightly down on a year over year basis for many companies. They're all trying to hedge the bad news?
- paxys 3y agoPretty much any unpopular decision made since mid November will be announced starting around now.
- jncfhnb 3y agoThese are popular decisions
- foooorsyth 3y agoDoing it before the holidays is bad PR
- quickthrower2 3y agoLet people run up their credit cards over Christmas first instead.
- choppaface 3y agoIf every big company dumps at the same time, less chance of falling behind your competitors.
- dexwiz 3y agoMany companies run fiscal calendars that start Feb 1 because having it Jan 1 means a bunch of year end work during the holidays.
- paulddraper 3y agoDated source, but AFAIK that's not common. https://blog.auditanalytics.com/when-does-a-companys-year-end/ https://blog.auditanalytics.com/when-does-a-companys-year-en...
- paulddraper 3y agoMost companies try to avoid holiday layoffs.
- habibur 3y agoEveryone waited for end of Christmas/New Year before laying off their own people.