- General
- November 26, 2020
- 5 minutes read
Amazon Splashes $500M Bonus For Workers
The e-commerce giant Amazon has said that it would award $500 million in fresh bonuses to its frontline workers in…
The e-commerce giant Amazon has said that it would award $500 million in fresh bonuses to its frontline workers in the US, notably in the middle of a year that has brought record revenues for the company as people have adopted more online shopping amid a Covid-19 pandemic.
The bonuses are split into $300 for full-time US frontline workers and $150 for part-time workers who are employed by Amazon from December 1 to December 31 of this year. Notably, Amazon doled out a similar $500 million bonus for its workers this June.
Amazon employs hundreds of thousands of frontline workers in the US and over a million globally. Amid record revenues this year, the company added 400,000 more jobs to facilitate its mammoth e-commerce operations.
Amazon is fresh off a quarter where it pulled in a record $96 billion in revenue, representing a 37% growth over the year. Amid such record revenues, the e-commerce giant had doled out over $2 billion on special bonuses and incentives for its frontline workers who are essential to its logistics operations.
Now with the additional $500 million, Amazon has now spent over $2.5 billion on bonuses and incentives for its workers this year.
Photo: Amazon CEO Jeff Bezos|by national museum of american history, licensed under CC BY-NC 2.0
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