Amazon to Cut Bonuses, Stock Benefits as It Raises Wages

Amazon to Cut Bonuses, Stock Benefits as It Raises Wages
Amazon opens a new store where everything for sale is rated 4 stars and above, is a top seller, or is new and trending on Amazon.com in SoHo neighborhood of New York on September 27, 2018. Jim Watson/Getty Images
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Amazon made a big splash this week with its $15 an hour minimum wage announcement, but lost in the fine print was this statement: “Existing warehouse workers will no longer receive stock in the company or collect bonuses.”

The online giant says next month it will end bonuses, which paid workers extra based on their attendance and warehouse productivity, as it boosts its minimum wage.