CSL shares crash 17% after CEO announces 15% job cuts - here's why smart money is buying
Key Points
- CSL's shares dropped 17% after announcing a workforce cut an...
CSL just proved that sometimes the market shoots first and asks questions later. The biotech giant's shares plummeted 17% faster than a plasma donation appointment on payday after announcing plans to cut 15% of its workforce and spin off its vaccine division. But before you write CSL's obituary, let's examine what actually happened here.
When Efficiency Meets Anxiety
Management dropped the restructuring bombshell alongside a modest 5% revenue growth forecast for fiscal 2026. Compare that to the ASX200's 7% gain before this announcement, and you can see why investors treated CSL shares li...
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