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via finance.yahoo.comBusiness & Companies

ServiceNow Stocks Move Lower as New Layoff Round Follows 35% Slide

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. ServiceNow (NYSE:NOW) shares slipped 0.62% to $101.73 at 10:05 a.m. ET on Friday, November 6, after the workflow software company launched a new round of global layoffs affecting staff in the U.K., U.S. and India. The cuts follow a 35%…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishNew layoffs and rising severance costs weigh on the stock, already down after weaker quarterly guidance.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01ServiceNow launched a new round of global layoffs affecting the U.K., U.S. and India.
  2. 02Shares slipped 0.62% to $101.73 on Friday morning.
  3. 03The stock fell about 35% between October 23 and November 5.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
ServiceNow, Inc.NOWStock102.19 USD+0.23%today -0.17%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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