Wednesday, January 24, 2018

Kimberly-Clark takes tax cut then lays off 5,500

The company said Tuesday that it would cut between 5,000 and 5,500 jobs in an effort to reduce expenses as it faced stiffer competition for consumer staples like tissues, paper towels and wet wipes. To help pay for the cuts and other restructuring moves, Kimberly-Clark said, it will use savings from the recently enacted corporate tax cut. Thomas J. Falk, the chairman and chief executive, said in a statement that the cuts would make the company "leaner, stronger and faster."


So much winning.

#1 | Posted by 726 at 2018-01-24 12:03 PM

"Republicans call their tax bill the Tax Cut and Jobs Act. But critics say maybe it should have been named the Tax Cut and Robots Act.

That's because it doesn't create new tax incentives that specifically encourage companies to hire workers and create jobs, some employers and economists say. But it does expand incentives for companies to buy robots and machines that replace workers."

#2 | Posted by danni at 2018-01-24 12:08 PM

#2 Up to 100% of the cost of all equipment can be written off on day 1 that it is placed in service every year until 2022.

#3 | Posted by 726 at 2018-01-24 12:20 PM

But it does expand incentives for companies to buy robots and machines that replace workers.


I cannot wait to serve my new lords and masters. I am sure they will take good care of my needs.

Robots never have a headache, will never accuse you of sexual harassment and they never make you sleep in the wet spot.

#4 | Posted by donnerboy at 2018-01-24 04:47 PM

Kimberly-Clark, makers of various personal paper products (e.g., Kleenex, Depends, Huggies, etc., was just trying to boost sales...

#5 | Posted by TrueBlue at 2018-01-26 06:35 AM

Depends and Huggies you say? Jeez, sales to the White House and Dotards supporters must be taking off these days. Yuggeeeee.

#6 | Posted by 726 at 2018-01-26 09:38 AM

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