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• Is It AI, Or Just A Way To Save Money?

• Layoffs Help Stock Price

• But Do Layoffs Go Too Far?

• Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Groupon didn’t make the cut. Grab the names FREE today.

It has become a pattern. A public company lays off employees and says it has found new efficiencies due to AI. Its stock trades higher immediately. This happened yesterday. The job loss count was modest. Groupon (NASDAQ: GRPN) cut 400 people, but the cut was high relative to its overall employee count. It employs a total of 1,700 people. Groupon also raised its earnings outlook for the year. The stock moved up 10%.

A cynic might say Groupon made the move because its stock…