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Comment by yreg | Hacker News Reader

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yreg·

Why are all of these announced on the same day? Is there some special date comming up or what?

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Pretty much any unpopular decision made since mid November will be announced starting around now.

These are popular decisions

Wild guess. SEC Q1 Reporting Deadline is Jan 16th. Share prices have been flat or slightly down on a year over year basis for many companies. They're all trying to hedge the bad news?

Many companies run fiscal calendars that start Feb 1 because having it Jan 1 means a bunch of year end work during the holidays.

Dated source, but AFAIK that's not common.

https://blog.auditanalytics.com/when-does-a-companys-year-en...

Most companies try to avoid holiday layoffs.

This is the week when people and families return from their winter vacations in USA?

The budget cycle for 2024 has likely finished so orgs are moving to execute on 2024 plans.

Executives can finalize things a bit more easily when folks out of the office as the day to day a bit slower. HR / Acctg / IT also usually like doing a one off project in these spots - usually a smaller group is in loop on these things.

The week between Christmas and New Years for the quiet meetings and week after for plans to be finished up.

It's year-end close for most companies, so accounting is, uh, not having the best time for projects.

Doing it before the holidays is bad PR

Let people run up their credit cards over Christmas first instead.

If every big company dumps at the same time, less chance of falling behind your competitors.

Everyone waited for end of Christmas/New Year before laying off their own people.

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