A new T-Mobile dividend program is launching right after the announcement of 5,000 layoffs.
Shareholders will earn dividends from a $3.75 billion pool over the next five quarters.
The company is also currently completing a $14 billion stock buyback program.
At the end of August, T-Mobile announced it would be laying off 5,000 employees, or roughly 7% of its workforce. Not only was this sad news for the terminated employees, but it also acted as another example of T-Mo backing off from its promises from before the acquisition of Sprint.
Today, the company has poured salt on the wound by announcing a new T-Mobile dividend program for shareholders (via Reuters). This is the first time the company has ever offered dividends. The cash will come from a $3.75 billion pool authorized by the board, to be distributed over the next five quarters.
