Walmart to spend another $428 mn on employee bonuses amid Covid-19 crisis

Walmart Inc said on Tuesday it would spend another $428 million on bonuses this year, to compensate its US employees for catering to a surge in demand for essential goods during the Covid-19 pandemic.
 

The United States' largest employer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.
 

Walmart, like other essential retailers, has seen a spike in demand for groceries and has had to add hundreds of thousands of new hourly workers to keep up. However, those costs as well as the expenditure to keep stores operating safely have pressured its profit