Amazon to Pay $500 Million in Employee Holiday Bonuses
In a blog post on Thanksgiving Day, Amazon (NASDAQ: AMZN) announced that it would pay more than $500 million to employees in holiday bonuses. U.S. workers employed by the company between Dec. 1 and 31 will be eligible for the payout. Full-time employees will receive $300 each, while part-timers will be paid $150.
Amazon said that combined with other holiday incentives, it would work out to about $750 million in additional pay for its frontline workers. The company also took the opportunity to tout its $15 minimum wage. This brings the total bonuses paid to Amazon employees across the globe this year to more than $2.5 billion.
Image source: Amazon.
Source Fool.com
