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How the biggest companies in America are impacted by COVID-19

  • #40. Macy's

    - Employees: 130,000
    - Revenue: $25.7 billion

    Macy’s was struggling along with other retail giants well ahead of the coronavirus crisis. Amid the pandemic, the company in March announced its CEO wouldn't be taking a salary and that high-ranking executives would soon see their own pay cuts. Macy’s had already furloughed most of its 130,000 employees.

  • #39. Microsoft

    - Employees: 131,000
    - Revenue: $110.4 billion

    Microsoft quickly developed a tool that anyone can use to track coronavirus cases and recoveries across the world and individually in every U.S. state. At the same time, the company has seen a huge uptick in its videoconferencing and cloud services, as homebound people everywhere turn to streaming software to communicate with family, friends, and co-workers.

  • #38. Apple

    - Employees: 132,000
    - Revenue: $265.6 billion

    Early in the crisis, Apple stores remained open, but the company offered unlimited paid sick leave to hourly and retail workers who displayed possible symptoms. By the end of March, however, the situation escalated and forced Apple to close all of its retail locations indefinitely.

  • #37. Dollar General

    - Employees: 135,000
    - Revenue: $25.6 billion

    Dollar General is in a good position not only to weather the storm, but to improve its position. During difficult economic times, consumers flock to outlets that offer cheap staples. Dollar General is actually hiring workers to meet demand, although they’ve reduced store hours and set aside special times for elderly customers to shop. Gains for the retailer at the end of April were the result of some states beginning the process of re-opening, according to reporting from Jeremy Bowman at the Motley Fool.

  • #36. Johnson & Johnson

    - Employees: 135,100
    - Revenue: $81.6 billion

    Johnson & Johnson’s stock is down 10% this year, but it hasn’t suffered the way some in the industry have. The company is one of the lead developers of a potential vaccine, although it’s in a highly competitive race to that end against players like Gilead Sciences and Moderna.

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  • #35. Oracle

    - Employees: 137,000
    - Revenue: $39.8 billion

    Oracle founder Larry Ellison gave a rare interview to Angel Au-Yeung at Forbes, published April 1, 2020, in which he revealed he’s using his company’s prowess for big data to pitch into the fight against the virus. After learning that no clearinghouse for medical information existed, he launched a project to build a database for doctors and other medical professionals to enter and share information.

  • #34. Verizon Communications

    - Employees: 144,500
    - Revenue: $130.9 billion

    With stay-at-home orders keeping millions of people at home and in isolation, communication companies like Verizon are playing a crucial role—and the telecom giant has responded. Verizon gave 15GB of extra data to all of its customers and waived overages and late fees for those affected.

  • #33. Boeing

    - Employees: 153,000
    - Revenue: $101.1 billion

    Boeing could qualify for as much as $17 billion in bailout money delivered by the recently-passed federal stimulus bill, as a business that’s critical to national security—a controversial provision that has sparked fierce debate. While Boeing fills defense contracts, it’s also a major player in the devastated airline industry.

  • #32. Dell Technologies

    - Employees: 157,000
    - Revenue: $90.6 billion

    The Michael & Susan Dell Foundation donated $100 million in cash and tech to the fight against coronavirus. The company, along with Microsoft, lowered projected revenue forecasts and announced that it’s struggling with a CPU shortage.

  • #31. General Motors

    - Employees: 173,000
    - Revenue: $147.0 billion

    President Trump used wartime powers to force GM—along with Ford and others—to produce badly-needed ventilators after he publicly criticized GM over disputes about pricing and supply. Financial expert David Whiston told the Detroit Free Press in April that he estimated the company was spending around $130 million a day to cover operating costs—fromsalaries to utilities—even as plants remained shuttered.

     

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