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The Wall Street bros love layoffs. They think it makes a company more efficient. They don't see it at all as a problem with management, they just think it's a
by jimmydddd 1y ago
The Wall Street bros love layoffs. They think it makes a company more efficient. They don't see it at all as a problem with management, they just think it's a great idea. So the stock often goes up with a layoff announcement.
- ABS 1y agothere is no lost love between me and Wall Street "bros" BUT it's not their job to run the companies, their job is to buy and sell shares based on results and potential future results. When a company decides to go public and take their money it's still the company's responsibility to run their business and keep the people they took money from in exchange for shares happy.