This was to be expected. Jay Schottenstein knew what he was planning, that's the reason he was buying all that stock back in September. You'd expect the stock price to jump once layoffs are made public as the Wall Street guys will see this as an increase in profits move. Well done Jay, well done, you screwed many families and you made money for another luxury car.
Schottenstein is so self-centered, he simply does not see anyone else and will make everything to take care of himself. So much for leadership. Many wrong moves along the way too.