Well, in the case of this stock I really think the price is gonna go down further. Up until now the news has been bad and although today's workforce reduction move seems good, its really not considering they have a mammoth task ahead of them to prove to everyone about their products, etc now with a smaller workforce. This news is still negative so please be cautious before you buy cos' the price could go lower.
Watch the trend and then buy if you don't wanna take major risks. There still is potential for a rebound but only if something positive comes out.