Walmart to spend more than $700 million on new round of employee bonuses

Wal­mart Inc 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.

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