Walmart Announces More Than $700 Million in Additional Associate Bonuses, Tops $2.8 Billion in Total Cash Bonuses to Associates in 2020
Walmart has announced over $700 million in additional cash bonuses for its U.S. associates, recognizing their contributions during the pandemic. This includes $319 million in quarterly bonuses paid on Nov. 25 and an estimated $388 million in a special cash bonus to be distributed on Dec. 24. Eligible associates, approximately 1.5 million, will receive $150 for part-time and $300 for full-time roles. This marks the fourth special bonus since the pandemic began, bringing total bonuses in 2020 to over $2.8 billion. Walmart is also extending its COVID-19 Emergency Leave policy through July 5, 2021.
- Announcement of over $700 million in additional cash bonuses for U.S. associates.
- Total bonuses for 2020 exceed $2.8 billion, indicating strong financial performance.
- Special cash bonuses of $150 for part-time and $300 for full-time associates reward employee commitment.
- None.
BENTONVILLE, Ark.--(BUSINESS WIRE)--Walmart today announced more than
“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. It will be Walmart’s fourth special cash bonus paid to U.S.-based associates since the start of the pandemic and will bring Walmart’s total 2020 quarterly and special cash bonuses for its associates to more than
“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 special cash bonus. The bonus amounts will be similar to the previous three special cash bonuses Walmart has provided its associates during the pandemic; part-time and temporary hourly associates will receive
Extension of Walmart’s COVID-19 Leave Policy
Earlier this year, Walmart announced a first-of-its-kind COVID-19 Emergency Leave policy for part-time and full-time associates, which provides associates with up to two weeks of pay should they need to stay home for COVID-related reasons, including mandated quarantines, symptoms or illness. If they’re not able to return to work after that time, additional pay replacement may be provided for up to 26 weeks. Absences associated with an approved COVID-19 leave will not be counted against associates. Given the ongoing pandemic, the company is extending the leave policy through July 5, 2021.
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better — anytime and anywhere — in retail stores, online, and through their mobile devices. Each week, over 265 million customers and members visit approximately 11,400 stores under 55 banners in 26 countries and eCommerce websites. With fiscal year 2020 revenue of
