The question is how does the product outlook appear? Most large companies do layoffs constantly to appease investors and nobody blinks twice, why would they care if you made the P&L even better if it doesn't degrade the product in their eyes?

I really think layoffs and stock buybacks within 12 months of each other should be prohibited, if not downright make stock buybacks illegal. Have extra capital? Then pay a dividend.

Would they be allowed to pay a dividend within 12 months of a layoff?