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Stock impact report

Viavi Solutions (VIAV) Skyrockets 30% on Restructuring Plans [Yahoo! Finance]

Viavi Solutions Inc. (VIAV) 
Last viavi solutions inc. earnings: 2/4 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Viavi Solutions soared by 30.17 percent week-on-week despite ending Friday's session on a weak note, as investors took heart from a corporate restructuring initiative that it expects would result in $30 million cost savings annually. On Friday alone, the stock jumped to as much as $24.99, its highest in more than two decades, before giving up all gains to end the day down by 0.97 percent at $24.46 apiece. Photo by Karolina Grabowska from Pexels Investors appeared to have welcomed its restructuring news to improve operational efficiencies, but this would result in the layoff of some 15 percent of its total workforce. It would also rationalize facilities and write off assets. Viavi Solutions Inc. (NASDAQ:VIAV) said that it would incur $32 million in charges in connection with the employees' severance payments. The restructuring initiative is targeted for completion in June 2026. In other news, Viavi Solutions Inc. (NASDAQ:VIAV) swung to a net loss of $48.1 million in the se Show less Read more
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