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Amazon spends $500 million on bonuses

Miguel A. Rodriguez
Miguel A. Rodriguez
27 noviembre 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%.







Miguel A. Rodriguez
Miguel A. Rodriguez

Miguel comenzó su destacada carrera profesional en reputadas instituciones financieras como el Banco Santander y el Banco Central-Hispano. Es autor de importantes libros sobre trading en el mercado de divisas.