U.S. companies cut thousands of workers while continuing to reward shareholders during pandemic

Five companies paid a combined $700 million to shareholders while cutting jobs, closing plants.

While thousands of their workers are filing for unemployment benefits, these companies rewarded their shareholders with more than $700 million in cash dividends. They are not alone. As the pandemic squeezes big companies, executives are making decisions about who will bear the brunt of the sacrifices, and in at least some cases, workers have been the first to lose, even as shareholders continue to collect.

WaPo

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