What happened Shares of 3D printer-maker Stratasys (NASDAQ: SSYS) are up strongly in late-day Tuesday trading, rising 13.3% as we pass the 3:30 p.m. EDT minute mark. You can thank the friendly analysts at JPMorgan for that -- but also Stratasys itself. Image source: Getty Images. So what Earlier today, Stratasys announced a "resizing" of its workforce, which translates into 10% of its workers losing their jobs. The layoffs, which management says were in the works before COVID-19 struck but were "accelerated" by the pandemic, are "part of a strategic plan to accelerate growth with a leaner operating model." Moreover, the layoffs are "designed to reduce operating expenses as part of a cost realignment program" and help get Stratasys back on a path to growth. Cost savings -- and profits growth arising from them -- could begin emerging as early as Q2, inasmuch as management says the layoffs will save it about $30 million annually (or $7.5 million per quarter) but will cost Stratasys only "approximately $6 million in severance costs, primarily in the second quarter of this year." Now what Hearing this news, JPMorgan promptly upgraded Stratasys stock and revalued it toward $22 on the theory that less cost will yield more profit, leaving Stratasys a more valuable company at the end. In a note covered this morning by TheFly.com, JPMorgan also noted that Stratasys is introducing new products in the second half of the year which, by driving sales at the same time costs are falling, should result in improved earnings at least by 2021. After seven straight years of seeing their company report nothing but losses, that prospect is music to Stratasys shareholders' ears. 10 stocks we like better than StratasysWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and Stratasys wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 16, 2020 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source