First Solar, Inc. (FSLR) To Cut 30% Of Workforce, Stock Up 8% on News

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HFA Staff
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First Solar, Inc. (NASDAQ:FSLR) has decide to lay off 2000 workers in its operations world wide as the company sees demand for its products decreasing. The move was announced by the company today and has seen a very positive reaction from the market the company’s stock is up by over 8% at time of writing to 22.53. That figure will give little solace to investors who bought at the 52 week high of 145.16 but it does show approval for the company’s engagement with the reality of their situation and the cost cutting measures to be undertaken in future. Those measures…

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