Amazon spends $500 million on bonuses

By: Miguel A. Rodriguez

12:20, 27 November 2020

The company is rewarding its front-line workers

As the holiday season is just around the corner, retail companies try to do their best to keep their clients satisfied and the employees.

Amazon, one of the world's largest #retailers, announced that it would provide a one-time #bonus as a token of appreciation to its front-line workers.

Dave Clark, Amazon's senior vice president of retail operations, stated that the staff working full-time from December 1 to December 31 would get a $300 bonus. On the other hand, part-time workers will get $150 if they work in the same timeframe. The incentive applies to its staff in the U.S.

Overall, the bonuses will cost Amazon $500 million. But this is not the first time when the company gives its employees incentives. The "Thank You" bonuses paid in June cost Amazon another $500 million. 

Amazon was under #scrutiny from U.S. #lawmakers and unions regarding whether or not it is protecting its employees from contracting #COVID-19.

After the news, Amazon #stock price gained 2.15%.


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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.