Communications Giants Verizon, AT&T, and Comcast Layoff Thousands of Americans After Raking in Billions From GOP Tax Bill

FOR IMMEDIATE RELEASE:
Thursday, May 3, 2018

PRESS CONTACT:
press@notonepenny.org

WASHINGTON, D.C — Not One Penny Spokesman Tim Hogan released the following statement on communications giants Verizon, AT&T and Comcast laying off thousands of American workers after being rewarded with billions of dollars from the GOP tax bill:

“It’s an outrage Verizon, AT&T, and Comcast are laying off thousands of Americans while raking in billions of dollars from the GOP tax bill. Verizon, AT&T and Comcast each got over $10 billion from the President’s legislation last year while thousands of workers throughout America got pink slips. Meanwhile, company CEOs saw their salary increase between $17 million and $30 million. This tax bill was never intended to help working Americans and this is proof positive.”

KEY FACTS:

In 2017, Verizon recorded a $16.8 billion benefit from the GOP tax bill; AT&T pocketed $20.3 billion and Comcast got $12.7 billion.
While touting the benefits of tax reform, Verizon announced the closures of seven of its 16 customer service call centers, resulting in layoffs or relocations of thousands of employees. Workers will be laid off or relocated in Mankato, MN (300 workers); North Charleston, SC (500 workers); Albuquerque, NM (1,000 workers); and Little Rock, AR (600 workers).
AT&T sent pink slips to over 1,540 U.S. workers in December including hundreds of technicians Wisconsin, Indiana, Missouri, Michigan, Illinois and Ohio just days after the GOP tax bill was passed.
Just two weeks before the holidays, hundreds of Comcast door-to-door salespeople were called into company offices and fired from their jobs just after the telecommunications giant learned it would be saving billions of dollars thanks to the GOP tax bill.
AT&T CEO Randall Stephenson earned $28.7 million last year. Verizon CEO Lowell McAdam earned $17.9 million and Comcast CEO Brian Roberts raked in $32.5 million .

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