Walmart Hires 200,000 Associates and Pays $180?Million in?Early?Associate Bonuses
Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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Source: Business Wire
BENTONVILLE, Ark.--(BUSINESS WIRE)--Thursday morning, Donna Morris, Chief People Officer at Walmart made the following announcement:“We’ve seen firsthand our associates’ unwavering focus to take care of customers and members while providing a vital service to communities. In this unprecedented period of time, we have made several commitments focused on our associates and wanted to provide an update on our progress.“Recognizing the hard work ahead of our associates as COVID-19 spreads and to help provide more cash in hand for them sooner, we shared plans to accelerate the payout for our quarterly incentive, which store, club and supply chain associates received today. With this, we paid nearly $180 million in cash bonuses to hourly associates, with more to come next month on our originally scheduled quarterly bonus payout date. This is in addition to the special cash bonus for all U.S. hourly associates earlier this month, which was $300 for full-time hourly and $150 for part-time
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