announcing layoffs. The August unemployment rate was 8.4%, according to the U.S. Department of Labor.
The gradual return of dividends and buybacks indicates growing confidence in the broader economy. But companies that are in more trouble will likely hold off on reinstating theirs in favor of holding onto their cash, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. "You've got to worry about your business — your employees, your sales, customers, where people are going to work, whether you're remote or not," Silverblatt said.
Here's a list of companies that have laid off employees or permanently cut jobs during the pandemic and plan to return more cash to shareholders:The consulting firm said in late August it would lay off about 25,000 global employees, or about 5% of its total workforce. On Thursday, it announced it would expand its share buyback program by an additional $5 billion, bringing its total to $6.3 billion.
Gross. Just gross.
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'returning money to shareholders?' How about we just close all those companies down and 'return' all that money to shareholders. Shareholders are, by far, the most expensive stakeholders.
No schit Sherlock!
Spotify could get rid of those employees that are uncomfortable with Joe Rogan being on the platform and return some money there as well.
So the people who already have money get more money?
Celebrate, good times come on!
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