International business Machines (IBM) recently fired an unstipulated number of employees. IBM’s proclivity to downsizing its workforce is not new, but the recent set of layoffs officially brings the company’s workforce to the smallest it has had in nearly one decade. Obviously, SARS-CoV-2 has been hard on most businesses, but layoffs aren’t the only form of cost-cutting.
Cut the Dividend?
Other companies would consider cutting their dividends instead of workforce. For IBM, this is a near-impossibility. The dividend is the company and stock’s lifeblood.
Moreover, the preservation of the dividend over the workforce