Walmart to pay nearly $550 million in employee bonuses: 'It's almost like a mini stimulus package' [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
Walmart In an interview on "Squawk Box" "It's almost like a mini stimulus package for Walmart associates," he said. The nation's largest grocer said Thursday its special cash bonuses will total more than $365 million. Walmart's full-time hourly associates will get a $300 bonus and part-time hourly associates will get a $150 bonus. The bonuses will be paid out April 2 and every hourly associate employed by the company as of March 1 will qualify. The retailer is accelerating the payout of its next scheduled quarterly bonuses for store, club and supply chain employees. It will pay that planned $180 million of bonuses in late April, a month earlier than planned. At the usual time for those quarterly bonuses in May, employees may get an additional increase based on pe
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News
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- Walmart CEO Doug McMillon is a rare beacon of confidence amid tariff woes—and sees a chance to grab market share [Yahoo! Finance]Yahoo! Finance
- Trump tariffs will lead to abandoned freight at ports as cash-strapped businesses reject orders [CNBC]CNBC
M
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M
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