[jkukul]

Thanks for the insightful comment.

I guess they can still conveniently schedule when the layoffs are announced and make it happen right before the 10b5-1 schedule?

All the previous layoffs announcements were followed by the stock rising up.

[bradjohnson]

Exactly. The 10b5-1 schedule is a layer of misdirection, but the executives still have their hands firmly on the levers of price manipulation.

[rco8786]

There is no way to know what effect a layoff will have on stock price in advance. This sale would have happened in the exact same way if the stock had tanked after the layoff.

[rco8786]

> I guess they can still conveniently schedule when the layoffs are announced and make it happen right before the 10b5-1 schedule?

This is still a gamble at best. Let's not go down a conspiracy rabbit hole here.

CEOs have their trading schedules set well in advance, they do not know how the market will respond to their actions ahead of time. They can at best make an educated guess.

But the idea that he scheduled this layoff specifically for personal gain is pretty unfounded.