Corporate Layoffs Letter Tracker

Public Citizen and our ally organizations are calling on corporations that benefitted from COVID-19 stimulus programs to release information on layoffs and rehiring during the pandemic. Many of these corporations raised billions in debt after the Fed’s backstop of the corporate bond market, while others received millions in PPP loans.

We sent letters directly to the executives at these corporations, requesting that they respond within two weeks to our questions about mass layoffs, bond issuance, and investments in workers:

 

Letter to Boeing 

Status: no response 


Letter to Chevron

  • Bond sales: $12 billion
  • Job cuts: announced 10-15% workforce cuts, implying reduction of between 4,500 and 6,700 jobs

Status: responded


Letter to Coca-Cola

Status: no response 


Letter to Exxon

  • Bond sales: $9.5 billion
  • Job cuts: announced cuts of 15% of workforce, including 1,900 U.S. jobs

Status: no response


Letter to General Motors

Status: responded


Letter to Giti Tire

  • PPP loans: $9.8 million
  • Job cuts: cut at least 637 jobs

Status: responded


Letter to Honeywell

  • Bond sales: $7.1 billion
  • Job cuts: laid off at least 9,929 people worldwide, refused to disclose specific number of U.S. layoffs

Status: no response


Letter to Marriott International, Inc.

Status: no response