Online store Amazon will spend more than half a billion dollars as bonuses for frontline workers this holiday season.
According to Dave Clark, Amazon logistics head, full-time employees will receive $300 while part-time employees will receive $150 as long as they are employed for the whole month of December. The company paid out one-time bonus payments in June.
“Our teams are doing amazing work serving customers’ essential needs, while also helping to bring some much needed holiday cheer for socially-distanced families around the world,” Clark added in the company blog. “I’ve never been more grateful for — or proud of — our teams.”
During the early part of the year, major retailers including Amazon increased their hourly pay to workers who continued to work during the pandemic. Most companies halted the additional pay during the summer. Amazon stopped the $2 “hazard pay” in May.
New York Times reports that Amazon employs more than 1.2 million worldwide, and has hired close to 430,000 employees in the first ten months of 2020.
Amazon boosted their sales in 2020 with increased sales while traditional brick-and-mortar stores closed down or otherwise experienced a slowdown in sales. It generated third quarter revenues of $96.1 billion, compared to $70 billion in the same period last year. It projects a revenue of $112 billion to $120 billion for the fourth quarter.