Walmart will give $700 million in two additional cash bonuses to its U.S.-based associates. Full and part-time associates are eligible for both bonuses.
The company’s latest announcement includes $319 million in quarterly bonuses paid in associates’ Nov. 25 paychecks following strong third quarter business performance and an estimated $388 million in special cash bonuses to be paid Dec. 24 in recognition of associates’ sustained commitment to customers during the pandemic.
“As we come to a close on this historic year, I’m filled with gratitude for how our associates have led through one of the most trying periods for our company and country,” said John Furner, president and CEO, Walmart U.S. “Our associates have stepped up to serve our customers, communities and each other when it was truly needed most, and we’re pleased to recognize their efforts with a quarterly bonus for strong store performance and a fourth special cash bonus.”
Approximately 1.5 million full- and part-time Walmart and Sam’s Club associates working in the company’s stores, clubs, distribution centers and fulfillment centers will receive the special cash bonus on Dec. 24. This will be Walmart’s fourth special cash bonus paid to U.S.-based associates since the start of the pandemic and will bring the company’s total 2020 quarterly and special cash bonuses for its associates to more than $2.8 billion.
“This has been an extraordinary year, and we’re so proud of how our associates have continued to make a meaningful difference in our communities,” said Kath McLay, president and CEO, Sam’s Club. “Today’s bonus reflects our appreciation for our associates, who show up to work each day to serve and provide relief for millions of members across the country.”
All U.S.-based hourly associates are eligible for the latest bonus. Amounts will be similar to those that Walmart has provided its associates during the pandemic; part-time and temporary hourly associates will receive $150, and full-time hourly associates will receive $300. More than 60 percent of Walmart’s hourly associates are full-time.
In addition, drivers, coaches and assistant managers will also receive a special cash bonus.
Bentonville, Arkansas-based Walmart Inc. employs over 2.2 million associates worldwide. Each week, over 265 million customers and members visit approximately 11,400 stores under 55 banners in 26 countries and e-commerce websites. For more information about Walmart, click here.