Elizabeth Warren asks Meta, Amazon, and others why they're laying workers off despite tax perks

Democratic Sen. Elizabeth Warren is grilling several major employers, including Amazon (AMZN), Target (TGT), and UPS (UPS), about their recent spate of layoffs.

In letters sent Sunday to the executives of Microsoft (MSFT), Amazon, Home Depot (HD), Meta (META), Nike (NKE), Verizon (VZ), Target, and UPS, Warren asked the companies to detail by March 30 how much of a tax cut they received in 2025 following President Trump's One Big Beautiful Bill Act, whether they anticipated any tariff refunds, and whether they made any contributions to Trump's projects, among other queries.

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