On the contrary, I feel the opposite. Layoffs are a cheap way to goose your stock price, not much unlike buybacks. I exit positions in companies in either case, as it shows they have no immediate plans for growth.
I don't disagree with the rest. But you can effect a lot of change without mass layoffs...
you must have a pretty short list of companies you can continue to hold. something like 90% of S&P500 does stock buybacks. if you also include layoffs that's going to reach close to every single company.
No, as it's not permanent. Going from no buybacks to buybacks for example can be a bad sign to me. Companies who have been doing them for years perhaps less so. Same with layoffs. It's not like a boycott list, it's more of a near term indicator for me.
I don't disagree with the rest. But you can effect a lot of change without mass layoffs...