Amazon to Pay $500 Million in One-time Employee Bonuses


Amazon issues a series of bonuses to various employees and partners, ranging from $150 to $3,000. Inc. announced that it would spend more than $500 million on one-time bonuses to its front-line workers and partners working throughout June, according to The Wall Street Journal.

Full-time employees and its Whole Foods Market business and drivers will receive a $500 bonus, Dave Clark, senior vice president of world-wide operations, said in a Monday blog post. Part-time employees will get $250, and another group of drivers will get $150.

Managers at Amazon and Whole Foods will get $1,000, and owners of delivery contractor companies will receive $3,000.

The announcement comes after the firm decided last month to end a short-term increased wage during the pandemic to meet surging sales as consumers switched to online ordering.

Amazon said in March it would increase the hourly wage by $2 for its front-line workers and new employees. In April, the firm predicted to spend $4 billion responding to the pandemic.

A spokeswoman of Amazon said that the company had spent around $800 million in higher pay by May 30.

Some workers at Amazon sites launched protests over working conditions at facilities in the midst of the coronavirus pandemic.

Read the full story here.


Economics, Finance and Investing