I think lately we've seen stock prices increase after layoffs. Not saying they're causal
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
Layoff == less spend
Their stock price will go up.
By that logic why do companies even bother to have employees or contractors? No payroll == more money?
Worker rights. Employees mean more bonding, less freedom of movement.