The stock rallied. Still, many executives resist issuing any comment on layoffs or work-force shifts. It's rare that you find a CEO who wants to tell as much as possible. They have to be pushed to air their dirty laundry. While top executives huddle to put the final touches on layoff plans and discuss how much information to release publicly, employees can face days or weeks of waiting for the ax to fall.
Message boards can get very crowded.
But British financial disclosure rules governing parent Future Networks dictated the timing of the announcement, she says. As a result, the official news came out nearly a week after rumors first surfaced on the Web. Inc. All Rights Reserved. By using this site, you agree to the Terms of Use and Privacy Policy .