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July 29, 2020

Lots of companies are saying they have ‘operating leverage’ — that’s just code for firing people

[CNBC, GETTY IMAGES] KEY POINTS One reason the stock market is holding up well is because investors believe many corporations are going to fire a lot of people and replace them with technology that will make the companies more efficient and improve profits.There’s a fancy accounting term for this. It’s called “operating leverage.”For analysts and strategist, […]
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