Warren Demands Answers From Home Depot, Other CEOs Over Mass Layoffs

Sen. Elizabeth Warren put Home Depot's CEO on notice Sunday, sending letters to the heads of eight major corporations demanding they explain why workers were laid off after their companies collected what she called "huge tax breaks from President Trump's tax law" and posted massive profits.

Warren's letters went to the chief executives of Amazon, Home Depot, Meta, Microsoft, Nike, Target, UPS, and Verizon, accusing the companies of benefiting from Trump administration policies without passing any of those gains to employees. The Massachusetts Democrat gave each company until March 30 to respond.

The specific requests are pointed: each company must detail how much it received in tax cuts in 2025 under the One Big Beautiful Bill Act, whether it anticipated any tariff refunds, and whether it made contributions to Trump's projects. Warren framed the combination of layoffs, tax windfalls, and strong financial performance as evidence of something more troubling than ordinary business decisions.

"The sequence of events regarding these layoffs, which come after your company enjoyed huge tax breaks from President Trump's tax law and earned massive profits last year, raises questions about the rationale for the job cuts, and whether they represent another example of unchecked corporate greed emboldened by the Trump Administration," Warren wrote in her letter to Amazon. Her office indicated similar language appeared in letters to the other seven companies.

For Home Depot associates, the inquiry lands at a complicated moment. The company has long projected an image of investing in its workforce, and store-level employees who've watched layoffs ripple through corporate and middle-management ranks have had few public explanations for the cuts. Warren's letters put pressure on the executive suite to provide some.

The economic backdrop Warren cited makes the stakes concrete. Job growth slowed sharply after President Trump took office, Warren's office noted, with new data showing a "sharp decline in monthly jobs growth" in February and downward revisions for both December and January that she called "another warning sign." Her argument: workers cut loose now are entering a labor market that may only offer lower-paying jobs, or no jobs at all.

None of the eight companies had responded publicly as of the March 30 deadline. Home Depot and the other targeted corporations have not commented on the letters.