Top US companies lay off thousands of workers while rewarding shareholders amid coronavirus pandemic

“Some of the largest companies in the U.S. have rewarded their shareholders amid the coronavirus pandemic after firing thousands of employees.

Companies like heavy machinery manufacturer Caterpillar, denim-maker Levi Strauss, toolmaker Stanley Black & Decker, furniture manufacturer Steelcase and World Wrestling Entertainment have doled out more than $700 million to shareholders in cash dividends while slashing jobs and shuttering facilities, The Washington Post reported.”…

via Salon I by Igor Derysh I May 6, 2020

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