See ticker NYSE:SNAP who just announced 10% layoffs today. Down 2%. See also NASDAQ:PYPL (layoff announcement 30 Jan). Such announcements usually happen in or a

See ticker NYSE:SNAP who just announced 10% layoffs today. Down 2%. See also NASDAQ:PYPL (layoff announcement 30 Jan). Such announcements usually happen in or around earnings (Snap’s are tomorrow for example) so the volatility around these announcements frequently can be more related to surprise from news. I think it can have an outsized bump in companies which appear to have obviously overhired expensive staff, and that otherwise have a good outlook. Cutting jobs out of desperation is bad. Fat trimming is good and healthy for a company; cutting off limbs to say that you’ve lost weight is not.