An 8% reduction is force means an increase in the stock price. From the yahoo finance message board....... Question: "Looks like an across the board cut of 8% of the workforce. Think it will do anything to the share price? Or will it remain permalocked around $1.50?".........Response: "lay off 8% will make it profitable, so it should go up."
http://finance.yahoo.com/mbview/threadview/?&bn=4ca9764c-98c2-33d7-bc74-7cbce9d9174f&tid=1393297571372-6d072c84-3310-4afd-aa65-75833717e0d2&tls=la%2Cd%2C0%2C3