McCormick Eliminated Hundreds of Jobs in Pittsburgh as a CEO, Reports WHYY

PENNSYLVANIA — Connecticut hedge fund CEO and mega-millionaire David McCormick is under fire for lying about being a “job creator” after a new report from WHYY exposed McCormick’s real record of laying off hundreds of workers in Pittsburgh as CEO of Freemarkets.

What Pennsylvanians Are Reading:

Politico Playbook PM:

• FACT CHECK: Pennsylvania GOP Senate candidate DAVID McCORMICK boasts of having created 1,000 jobs as a businessman. But WHYY-FM’s Carmen Russell-Sluchansky digs into the records and finds otherwise: “[T]he numbers suggest that the company shed local jobs under McCormick while growing overseas operations.”

Political Wire:

• McCormick’s job creating claims not supported. “David McCormick, the Republican nominee for Pennsylvania’s U.S. Senate seat, touts himself as a job creator, ready to bring his business acumen to serve Pennsylvanians,” WHYY reports. “However, McCormick’s tenure as the head of a FreeMarkets — a Pittsburgh-based business-to-business software company — has come under scrutiny, and the claim that he created ‘hundreds of jobs’ in Pittsburgh appears unsupported by evidence.”

Axios Philadelphia:

• David McCormick, the GOP candidate for U.S. Senate, has come under fire for asserting he once led a Pittsburgh-based software company that “created hundreds of jobs.”

WESA:

• David McCormick, the Republican nominee for Pennsylvania’s U.S. Senate seat, touts himself as a job creator, ready to bring his business acumen to serve Pennsylvanians. He told Fox News he “created hundreds of jobs” and his X account boasts he is a “PA job creator.” 

Senator John Fetterman:

[@JohnFetterman]

Congressman Dwight Evans:

[@DwightEvansPA]

Beaver County Democrats:

[@bcdemparty]

What Pennsylvanians Are Hearing:

WITF:

• Reporter: Check out WITF.org news for regional updates throughout the day, including a challenge to claims that GOP senatorial candidate David McCormick created hundreds of jobs in Pennsylvania.

WESA:

• Republican nominee David McCormick has cited his business background as a qualification for his race for the US Senate, often saying he’s created hundreds of jobs in Pennsylvania. 

• However, as WHYY’s Carmen Russell Sluchansky reports, the record suggests a different story. […] By the end of 2003, his first year as CEO, the company had reduced its workforce by 100 employees. Then in January 2004, they cut the company’s Pittsburgh workforce by another 45 employees. That year, McCormick orchestrated a merger with San Jose based competitor Ariba Inc., which resulted in another 250 local job cuts.

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