Almost bought cisco shares today, glad I didn't.
A workplace that values job security is such a motivating factor for employees that I don't think is recognized enough. At a company that conducts layoffs, it feels like you're just waiting for the next one.
If you had, your investment would be up 20% now. https://www.nasdaq.com/market-activity/stocks/csco
To profit you also need to get out at the right time.
Right now everything seems so inflated. I don't believe this economy represents any of the underlying assets correctly anymore. I really think we are on the verge of one of the biggest bubbles in history.
Time will tell.
Had OP immediately sold, they would've provided a price signal that layoffs are bad in addition to making money.
Someone commented on X. US markets are never going down again just like Weimar Republic stock markets never did.
Don't do the mistake of shorting Weimar Stock markets.
Anyone know a good article that lays out what the bubble pop might look like?
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There are more important things than making money. I assume that the parent poster was glad to not buy into a company that doesn't treat their employees well.
Why would an individual buy stocks other than to make money? Certainly not for charity. And if it's just virtue signalling, there are far cheaper ways to feel morally superior.
The companies in the stock market are not primarilay a jobs program. It is not the primary role for companies to pay their workers. Such a system would never work and would collapse.
Virtue signalling about "treating employees well" is shortermist and doesn't consider the higher order effects.
They buy a lot of companies then restructure them and that causes these layoffs. I think it’s just normal way of doing business for them. And the stock is up 20% after hours =)
Who really cares about the lives of lim n —> 4k wagies? There is an opportunity to maximise shareowner returns here - failing to seize it would be little more than economic treason, a dereliction of our duty to be good capitalists. If those people wanted job stability, they should have worked harder to become indispensable to their employer. Frankly, they should have known better than to stake their livelihoods on unstable, declining industries like employment. Now, The Market Has Spoken, and only those let go are to blame for what it said - no one else.