@cwebber@octodon.social
There was a stock increase, that isnt the same as saying the layoffs are the **cause** of the stock increase. In general the stock would increase if the decision made is best for the company in the opinion of the public. If the public thinks a recession is going to happen then a layoff will likely increaase the stock, otherwise it will likely decrease it.
So if anything this probably isnt showing so much that a stock increase will generally follow layoff but rather that whenn a recession is looming a layoff is going to have the best impact on share price, but otherwise may be detrimental.