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riversedge

(69,708 posts)
Sun Jan 7, 2018, 08:25 AM Jan 2018

Companies that announced big bonuses after GOP tax cut are now laying off their workers Nice "trick













Companies that announced big bonuses after GOP tax cut are now laying off their workers
Nice "trickle-down economics" you've got there.
Tara Culp-Ressler
Jan 6, 2018, 11:48 am



At least two major companies that publicly announced large bonuses for their employees after the passage of a massive GOP-led tax overhaul — which represented a windfall for wealthy Americans and big corporations — quietly laid off hundreds of workers at the same time.

Comcast laid off more than 500 sales employees right before Christmas, according to documents reviewed by media outlets including the Philadelphia Enquirer, Philly.com, and the Daily News. The documents were confirmed by at least one former Comcast employee who was not identified in the press.
(CREDIT: AP Photo/Paul Sancya)
The truth about AT&T’s $1,000 bonus for workers

AT&T is also in the process of laying off thousands of employees, according to the Communication Workers of America (CWA) union, which represents AT&T workers. CWA filed a lawsuit against the company claiming that some of those layoffs are needless, and that the timing of the terminations — just two weeks before Christmas — represents “an extraordinary act of corporate cruelty.”

Both telecommunications giants struck a very different tone in the aftermath of the tax bill that was rushed through Congress last month..........................



Even though promises of big worker bonuses have successfully captured headlines, large corporations have already signaled that their shareholders are the ones who will reap the greatest benefits of the tax overhaul. Several major companies have announced massive share buybacks, which don’t do anything to benefit their workers but instead further enrich their shareholders.
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Companies that announced big bonuses after GOP tax cut are now laying off their workers Nice "trick (Original Post) riversedge Jan 2018 OP
Surprise to no one. Guilded Lilly Jan 2018 #1
The real title was Tax Cuts and Job Cuts Act of 2017 dalton99a Jan 2018 #2
You were expecting something different maybe? Nt raccoon Jan 2018 #3
Yeah, I heard this on Fox News. progressoid Jan 2018 #4
not: so many live in a bubble. riversedge Jan 2018 #5
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