[macksd]

It's not unusual for stocks to go up on layoffs, but as others have commented there isn't always a simple explanation either. But it wasn't a secret that Uber was going to be getting hit hard by quarantine - it would probably already be priced into the stock by the point. The news today is that Uber's leadership is recognizing that and aggressively taking action to protect the bottom line - sucks in the short-term for employees, especially those directly affected, but that's great news for investors.