Walmart Hands Out Bonuses to Workers
Walmart Thursday announced that it will hand out $2 billion in bonuses and profit sharing to around one million hourly workers in the U.S. According to Bloomberg News, the bonuses are being handed out due to record sales by the company in the fourth quarter.
The $2 billion is being spread among $933.6 million in bonuses, $788.8 million in profit sharing/401(k) contributions, as well as employee discounts.
The $2 billion exceeds last year's amount of $1.8 billion.