[rco8786]

> I guess they can still conveniently schedule when the layoffs are announced and make it happen right before the 10b5-1 schedule?

This is still a gamble at best. Let's not go down a conspiracy rabbit hole here.

CEOs have their trading schedules set well in advance, they do not know how the market will respond to their actions ahead of time. They can at best make an educated guess.

But the idea that he scheduled this layoff specifically for personal gain is pretty unfounded.