John,
Boeing’s mass layoff of 17,000 workers isn’t the result of financial struggle or market downturns. Boeing isn’t in survival mode. In fact, Boeing has plowed $68 billion into stock buybacks and dividend payments over the last decade, handing profits to its ultra-wealthy shareholders and top executives.[1]
It’s corporate greed at its finest: workers pay the price, while Boeing's elite executives cash out.
Instead of investing in job security, innovation, and safety, Boeing’s executives have prioritized padding their own pockets. CEO Kelly Ortberg is in line for $22 million in personal compensation next year while 17,000 workers face layoffs.[2]
But here’s the kicker: Boeing isn't just sitting on its profits. It's raking in $148 billion from Pentagon contracts. Boeing is hoarding billions in public dollars while slashing the jobs those contracts were meant to protect.
This is a betrayal of the workers, the communities that rely on Boeing jobs, and the taxpayers who help fund this corporate giant. It’s time to act. Demand that Boeing stop the layoffs and reinvest in its workforce.
These layoffs aren’t inevitable. Boeing isn’t in crisis—it’s making a choice to prioritize stock buybacks and executive bonuses over job security and worker protections.
And it's not just Boeing employees who will feel the pain. Entire communities will suffer. Boeing’s layoffs will send shockwaves through local economies, devastating local businesses, cutting off resources, and leaving countless families in limbo.
Boeing’s leadership could stop this. They could choose to save jobs instead of enriching shareholders. But right now, they’ve chosen profits over people.
Demand that Boeing’s CEO Kelly Ortberg stop the layoffs and reinvest the billions they’ve hoarded into saving jobs and protecting workers.
Your voice can make a difference. Together, we can show Boeing that their greed-driven layoffs won’t go unanswered. Let’s hold them accountable.
Maura Quint
Campaign Director
Americans for Tax Fairness Action Fund
[1] After Gorging on Stock Buybacks for Years, Boeing Announces Mass Layoffs
[2] Corporate Closeups: A Dirty Dozen of Big Firms That Underpay Their Taxes, Overpay Their Executives & Shareholders, and Otherwise Harm The Public Good
-- David's email --
John,
Boeing just revealed plans to slash 10% of its workforce—17,000 jobs—while funneling billions into stock buybacks and executive pay.[1]
This is corporate greed at its worst: instead of securing jobs and investing in safety, Boeing has prioritized $68 billion in stock buybacks over the past decade to line the pockets of the ultra-wealthy.
But the corporate giveaways don’t end there. Boeing has received $148 billion in government contracts, courtesy of the American taxpayer, while avoiding taxes and enriching its executives. This money, your money, should be used to create jobs, not cut them.[2]
Boeing’s greedy executives cannot continue to gut their company while enriching themselves at the expense of hardworking employees. Boeing is sacrificing its workforce for a quick profit. But we have the power to stop it.
Send a message to Boeing CEO Kelly Ortberg now, demanding Boeing end the layoffs and invest in its workers, not wealthy shareholders.
The numbers are staggering. In just the five years between 2018 and 2022, Boeing funneled over $21 billion directly to shareholders.
Meanwhile, Boeing's top executives and board of directors raked in nearly $300 million over the same period. The CEO alone pocketed $100 million—a staggering 148 times more than the median Boeing worker earned.
To protect their wealth, Boeing spent more than $68 million lobbying Congress between 2018 and 2022. Their lobbying then paid off as they benefited from a $17 billion federal loan program that was quietly inserted into a COVID relief package.
They clearly have no problem taking from taxpayers, but then do everything in their power to not give back. It's a clear reminder of how corporations use their wealth to dictate policy at the expense of working Americans. We cannot let this stand. It's time to demand better from corporate America.
Tell Boeing CEO Kelly Ortberg that workers deserve better. It’s time for Boeing to stop the layoffs, invest in its workers, and prioritize safety over greed.
Thank you for standing up for working families,
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] After Gorging on Stock Buybacks for Years, Boeing Announces Mass Layoffs
[2] Corporate Closeups: A Dirty Dozen of Big Firms That Underpay Their Taxes, Overpay Their Executives & Shareholders, and Otherwise Harm The Public Good
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