On July 26, 2017, after a series of tweets by President Donald Trump proposing to ban transgender people from military service, thousands of New Yorkers took to the streets in opposition.

More than 50 companies representing over $2.4 trillion in annual revenue took a stand Thursday for legal protections for transgender people following a report that the Trump administration is considering limiting the definition of gender to birth anatomy.

Apple, Amazon, Facebook and Google are among the companies spanning tech, consumer products and financial services that signed a statement supporting the protections.

The move is a response to an Oct. 21 New York Times report that the Trump administration is considering limiting the definition of gender to birth genitalia.

"Sex means a person's status as male or female based on immutable biological traits identifiable by or before birth," the Department of Health and Human Services proposed in a memo obtained by the Times.

If legislation were to move forward, it would jeopardize legal protections for an estimated 1.4 million Americans who identify as a gender other than the one they were assigned at birth, the Times said.

The statement from the companies, which have nearly 4.8 million employees, said "diversity and inclusion are good for business."

"Transgender people are our beloved family members and friends, and our valued team members," the statement said. "What harms transgender people harms our companies."

Out Leadership and the Human Rights Campaign mobilized the 15 LGBTQ community organizations that sought signatures for the statement.

This is the full statement along with the list of signatories: