AT&T might once again be laying off people, while continuing to pay out a dividend to investors.
“AT&T on Tuesday said it has struck a deal for a $5.5 billion loan, boosting its liquidity amid the coronavirus crisis.
It also said it expects to be ‘sizing our operations to economic activity,’ a sign of possible layoffs or reduced investment amid the crisis.
AT&T vowed it would continue paying dividends, saying: ‘As it has for the past 36 years, the company looks forward to continuing to pay a quarterly dividend to shareholders.’ Analysts have in recent weeks wondered whether the dividends could be put on ice or reduced amid the virus crisis.”
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