Amazon to pay $ 500 million in vacation bonuses for its employees
In a blog post on Thanksgiving Day, Amazon (NASDAQ: AMZN) announced it would pay employees more than $ 500 million in vacation bonuses. U.S. workers employed by the company between December 1 and December 31 will be eligible for payment. Full-time employees will receive $ 300 each, while part-time employees will receive $ 150.
Amazon said that combined with other holiday incentives, it would add about $ 750 million in extra pay for its frontline workers. The company also took the opportunity to tout its minimum wage of $ 15. That brings the total bonuses paid to Amazon employees across the world this year to over $ 2.5 billion.
“I am grateful to our teams who continue to play a vital role in serving their communities,” said Senior Vice President Dave Clark. “As we head into the peak of the holiday season, we want to share our appreciation through another special recognition bonus.”
This is not the first such payment in 2020. In June, Amazon paid more than $ 500 million in “thank you” bonuses to full-time and part-time employees, including drivers and employees. Whole Foods.
Amazon has seen explosive growth in its e-commerce platform this year, with its digital revenue in the United States climbing 37% year-over-year to nearly $ 161 billion over the course of the year. of the first nine months of 2020.
Along with the lockdowns caused by the pandemic, there has been a decisive shift in consumer behavior, with e-commerce adoption accelerating. Amazon has captured much of that windfall and is expected to command up to 39% of all digital sales in the United States in 2020, according to data gathered by eMarketer.
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