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Walmart to Pay Out $700 Million in Bonuses to Employees

Walmart to Pay Out $700 Million in Bonuses to Employees

Walmart (NYSE: WMT) 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.