Shame on these "investors" cheering company layoffs
I need my Amazon stock to go up 100%
I guess cut 100% will lead 100%jump
Can meta cut a few more and go to ATH
A lot of the time the post-layoffs stock bump fades quickly. That said, if you’re expecting investors to act with concern for well being of employees, you might be new to capitalism.
Money doesn’t care of morals
Its their money and they have the full say
it’s business, investors are in it to make money, what’s the problem
I think the stock jump is not due to layoff, but rather due to selling of auxiliary businesses such as logistics and 6RS. That have indications to investors that the company will refocus on its core software business that its good at. Layoffs was just cherry on top.
The angst shouldn’t be directed towards the investors, it should be towards the C level and Board. Not just at Shopify but every tech company prioritizes valuation over employees. At the end of the day, they will lie to employees to get a bump in stock price 100% of the time. It’s toxic because employees often buy into the “culture” speech that C levels preach throughout the year. Should it change? Yes. Will it? Never. But shame on the system.
They'll take a quick profit and it will be back down shortly
Layoffs alone don’t cause such bump. Probably divestment from adjacent businesses was a big contributor too. Shopify also beat earnings expectations on both top and bottom end, and their revenue was up 25% Y/Y.
Tfw your stock goes up for a tiny bit and drops back down immediately even with a 30% layoff
Happened to us at zoom after our 15% layoff too. Up 10% and then came back to where it was within a week.
Because the ones at the top sold as it was going up, bought again after a week. Rinse and repeat.