Company uses Trump’s tax cuts to fire 5,500 workers

Talk about a bolt from the blue.

“While many companies are using President Trump’s tax cuts to give workers bonuses or raise wages, the maker of Kleenex and Huggies,” is instead cutting “between 5,000 and 5,500 jobs, or roughly 12 or 13% of the company’s employees.”

“The company said it plans to use savings from the Republican tax plan to fund the cuts,” and ā€” oh yes ā€” “to allocate capital to shareholders.”