What Would Bezos Do? Walmart cuts workers’ bonuses as it hikes wages, following in the footsteps of Amazon ...News

Having offered workers a raise in minimum wages, US retail giant Walmart will be eliminating quarterly bonuses for its employees. Amazon did the same in 2018, after being strong-armed into a wage hike. One of the largest employers in the country has for decades paid bonuses to store workers, or associates as Walmart calls them, based on the performance of each outlet. The perk, which is dubbed MyShare, will be scrapped at the end of this fiscal year on January 31. The company said the move would offer its employees a predictability of income and was part of its plan to boost worker’s wages. “The overwhelming majority of our associates

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