seth@lemmy.world to News@lemmy.world · 2 months agoJohn Deere lays off hundreds of employees, after a $10B profit yearfranknez.comexternal-linkmessage-square113fedilinkarrow-up1782arrow-down110
arrow-up1772arrow-down1external-linkJohn Deere lays off hundreds of employees, after a $10B profit yearfranknez.comseth@lemmy.world to News@lemmy.world · 2 months agomessage-square113fedilink
minus-squarechonglibloodsport@lemmy.worldlinkfedilinkarrow-up1·2 months agoInvestors 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.
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.