It’s been used as an excuse to lay off people, but not the real reason. They were looking at ways to short term boost stock prices since stock buy backs caused their stock prices to increase, but that boost is fading, they needed another artificial boost to profit to maintain those stock prices.
It’s been used as an excuse to lay off people, but not the real reason. They were looking at ways to short term boost stock prices since stock buy backs caused their stock prices to increase, but that boost is fading, they needed another artificial boost to profit to maintain those stock prices.