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by ano-ther 1253 days ago
1 They have to. It’s a “material event” that could impact the stock price, so they have to communicate to investors, once a decision has been taken.

2 They probably want to. It creates clarity for employees after what other commenters here described as months-long rumours. The damage to morale would be greater if they do it in pieces.

2b It is also a better story for investors.

1 comments

2c Some of the problem solves itself, as people naturally leave at a more accelerated pace in the face of uncertainty.