Booker, Warren Call for Severance Pay and Benefits for Employees Following Bed Bath & Beyond Bankruptcy and Layoffs

Press Release

"While your company has, under enormous public pressure, reversed course in New Jersey and agreed to recognize the newly expanded protections, employees in other states are still left without protection and have reported being stiffed on severance and other benefits they were owed.

After revenues dropped 16% from 2019 to 2020, the company continued engaging in its aggressive stock buyback strategy. In their letter, the lawmakers request that Bed Bath & Beyond answer questions on its actions leading up to their bankruptcy declaration in addition to providing severance and benefits for its employees.

Your company has a responsibility to your workers, and it's clear that after years of putting profits for shareholders ahead of those responsibilities, and endangering the health of its business, Bed Bath & Beyond is still failing to do even the bare minimum to treat employees fairly in the bankruptcy process."

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