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IgorPartola
on May 19, 2020
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Uber cuts 3000 more jobs, closes 45 offices
How exactly is their stock price not reflecting this at all? Is the market really that irrational right now?
chid
on May 19, 2020
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I think lately we've seen stock prices increase after layoffs. Not saying they're causal
wholien
on May 19, 2020
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My understanding is: they announced they would do layoffs 1-2 weeks ago, so it's priced in. And usually your stock goes up when you announce and do layoffs because your costs are lower
tanilama
on May 19, 2020
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Layoff == less spend
Their stock price will go up.
IgorPartola
on May 19, 2020
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By that logic why do companies even bother to have employees or contractors? No payroll == more money?
anticensor
on May 19, 2020
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Worker rights. Employees mean more bonding, less freedom of movement.
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