• halcyoncmdr@lemmy.world
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    1 year ago

    True, but the timing is extremely suspect. They could have laid them off at any time in the past weeks or months.

    It may be a coincidence, but when it comes to corporations and their bottom line, there are rarely coincidences.

    • ampersandrew@kbin.social
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      1 year ago

      The non-coincidence is that we're at the end of September, the end of a fiscal quarter and historically the worst month of the year for stocks.