A big tech company announced layoffs. Here's why its stock sometimes rises anyway.

Originally reported as: “TechCo to cut 8% of workforce in restructuring; shares climb on cost discipline”

A large technology company said it would lay off a chunk of its workforce as part of a cost-cutting push. Layoffs are painful for the people who lose their jobs, but the company's stock sometimes rises on the news, which can seem confusing. Investors often read cost cuts as a sign that a company is trying to protect its profits. These stories also offer a window into how the broader tech industry and job market are shifting.