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

  • #20. JPMorgan Chase & Co.

    - Employees: 256,105
    - Revenue: $131.4 billion

    Dozens of JPMorgan Chase employees have tested positive for coronavirus and many more have been quarantined. The company was under fire for fueling the crisis by pressuring its traders and other employees to report to work in Manhattan, despite an outbreak of the disease and pleas from health and government officials to stay home.

  • #19. Wells Fargo

    - Employees: 258,700
    - Revenue: $101.1 billion

    Wells Fargo adapted quickly to the crisis and by mid-March, more than 60,000 of the bank’s employees had been transitioned to working remotely. For its customers, the bank has suspended evictions, vehicle repossessions, and foreclosure sales, and donated $175 million.

  • #18. Albertsons Cos.

    - Employees: 267,000
    - Revenue: $60.5 billion

    Since grocery stores are critical businesses, Albertsons stores can’t close, but the company has taken major precautionary measures. It installed plexiglass barriers at all of the more than 2,200 Albertsons stores in America and suspended self-serve operations like soup and salad bars. The chain is also offering “appreciation pay” bonuses to union and non-union employees.

  • #17. PepsiCo

    - Employees: 267,000
    - Revenue: $64.7 billion

    PepsiCo announced at the end of March that it was enhancing employee benefits to all employees and hiring an additional 6,000 full-time, full-benefits workers. It also unveiled an $11 million investment in critical community support.

  • #16. AT&T

    - Employees: 268,220
    - Revenue: $170.8 billion

    Like Verizon, AT&T owns and maintains critical communication infrastructure that has held up well so far despite massive increases in demand and usage. The company also launched several programs to help consumers cope, including 15GB of free data, discounted accessories, and free express shipping.

     

  • #15. TJX Companies, Inc.

    - Employees: 270,000
    - Revenue: $39.0 billion

    On March 20, off-price retailer TJX—known for popular brands such as T.J. Maxx, Homegoods, and Marshalls—announced it was closing all of its stores not only in the United States, but in Europe, Canada, and Australia, as well. To make matters worse for the company, even its online business will not be operational for the foreseeable future.

  • #14. General Electric

    - Employees: 283,000
    - Revenue: $120.3 billion

    It’s dark times for GE, which responded to the crisis by announcing that it planned to lay off 50% of its maintenance, overhaul, and repair employees for 90 days. The company has said it expects the decision to save the company $500 million to $1 billion. GE workers and the union that represents them protested the move and demanded that GE instead reassign those workers to the production of ventilators.

  • #13. CVS Health

    - Employees: 295,000
    - Revenue: $194.6 billion

    CVS was in turmoil in mid-to-late March as customers stormed the chain’s stores and emptied its shelves. Workers soon began petitioning for improved paid sick leave and other enhanced benefits, some of which they’ve received. Employees also demanded PPE like gloves and masks. CVS Health had a 200% increase in mental health visits between March 1 and May 4 over the year prior, according to reporting from PR Newswire.

  • #12. Walgreens Boots Alliance

    - Employees: 299,000
    - Revenue: $131.5 billion

    Walgreens, like other major drug/convenience store chains, saw a massive initial bump from a surge of early panic buying. Same-store sales jumped by 26% in the first 21 days of March. The last week of the month, however, sales plummeted by percentage points approaching the mid-teens, as stock-up buyers stayed home. The company on May 4 announced it would ask all customers coming into the store to wear masks.

  • #11. UnitedHealth Group

    - Employees: 300,000
    - Revenue: $226.2 billion

    UnitedHealth Group expanded member services and waived out-of-pocket cost-sharing expenses associated with coronavirus-related testing and medical visits. It also delivered patient-administered tests to 46,000 of its doctors.

    [Pictured: (L-R) Anthem CEO Gail Boudreaux, U.S. Vice President Mike Pence, U.S. President Donald Trump, UnitedHealth Group CEO David Wichmann, and others listen to an attendee speak to the press after a meeting about the coronavirus with members of the insurance industry in the Roosevelt Room of the White House March 10, 2020, in Washington D.C.]

     

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