Walmart Increases Worker Bonus Payments to $2.8 Billion

Walmart Inc.  (WMT) – Get Report increased its annual bonus payments to $2.8 billion as the world’ biggest retailer continues to win market share and notch record profit gains amid the global coronavirus pandemic. 

Walmart said it would pay an additional $700 million in cash awards to its 1.5 million employees, including those with Sam’s Club, with $319 million added to paychecks on November 25 and an estimated $388 million in special cash bonuses to be paid on December 24.  Part-time and temporary hourly associates will receive $150 and full-timers — which comprise nearly two-thirds of the retail giant’s workforce, will get $300 each, Walmart said. 

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