• explodicle@sh.itjust.works
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    4 months ago

    Would the investors not risk adjust? Layoffs mean the company’s output is shrinking, not growing. They get a short term savings at the cost of long term productivity.

    • chonglibloodsport@lemmy.world
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      4 months ago

      Investors buy on the rumours and sell on the news. They make money as long as the numbers go up when they’re long and down when they’re short.

      I think John Deere is seen as a pretty dominant company in its industry. It locks in tons of farmers into its repair/service program.

      I don’t know anything about the specifics of the layoffs but I’d imagine the reasoning was communicated to investors.