Walmart to Spend More Than $700 Million on New Round of Employee Bonuses

Walmart to Spend More Than $700 Million on New Round of Employee Bonuses
This photo shows Walmart store in Bradford, Penn., on July 20, 2020. Brendan McDermid/ Reuters, File Photo
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Walmart said on Thursday it would spend more than $700 million on bonuses as the retailer compensates its U.S. employees for helping meet a surge in demand for essential goods during the COVID-19 crisis.

The company, like many supermarket chains, was pushed to hire hundreds of thousands of new hourly workers during the pandemic, incurring billions of dollars in costs to keep stores operating safely.