As profits increase, Walmart is set to pay out $700 million in bonuses to employees
Walmart says the new design will create a "seamless" omni shopping experience with more self-checkout kiosks and contactless payment options. USA TODAY
Walmart is planning to share its good fortune with employees, announcing Thursday it will be paying out over $700 million in bonuses to its U.S. workers.
The retail giant said it will provide some $315 million in "special" cash payments paid to workers in their Nov. 25 paycheck, and another tranche of bonuses totaling $388 million that will be paid on Dec. 24.
The payments will bring the total amount Walmart has given its employees in bonuses this year to $2.8 billion. All of Walmart's 1.5 million workers at its namesake stores, Sam's Club stores, and its distribution and fulfillment centers are eligible for the bonus.