Software company soars amid plans to cut 1,000 jobs
Covered by 2 sources · 2 articles
2 outlets - including Yahoo and Thestreet - are covering this story. ServiceNow (NOW) plans to cut up to 1,000 jobs, and its stock went up on the news. That reaction surprised many people, given that layoffs usually signal trouble. Yet NOW's stock price climbed toward $111 after the plan surfaced, up about 9…
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Software company soars amid plans to cut 1,000 jobs
Software company soars amid plans to cut 1,000 jobs
ServiceNow (NOW) plans to cut up to 1,000 jobs, and its stock went up on the news. That reaction surprised many people, given that layoffs usually signal trouble. Yet NOW's stock price climbed toward $111 after the plan surfaced, up about 9…