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Walmart Hires New Employees; Announces Lucrative Bonus Schemes

Taking pride in being one of the world’s biggest retail firms, Walmart has announced to hire 150,000 new employees temporarily by the end of May to render to the global crisis created by the lethal coronavirus pandemic. As per the announcement, the new recruitment will be made to provide services in stores, clubs, distribution centers, and fulfillment centers.

read the statement released by Walmart. The firm plans to alter the application time from two weeks to 24 hours.

The widespread attack of COVID-19 on a worldwide scale has ruptured the business activities, trading operations, and has immensely affected the global economy.

On Thursday, Walmart made an official announcement stating that the company has planned to give lucrative cash bonuses to its hourly employee with a view to acknowledge their praise-worthy diligence during the dire crisis like this. The full-time hourly employees shall receive $300 as a bonus while the part-time workers will be given $150 as a bonus. The total amount of bonuses disbursed by the company will amount to an investment of $550 million approximately. The United States’ biggest private employer, Walmart, will move up its quarterly bonuses to April end.

Doug McMillon, CEO and President, Walmart stated that

McMillon added that

Walmart is not the only firm to hire new staff. Online marketspace giant, Amazon recently announced that it would be hiring 100,000 new full-time and part-time employees across the United States to meet up the increased demands caused by the lockdown of coronavirus pandemic. Popular pizza franchise Domino’s has planned to add 10,000 workers to meet up the delivery demands during the present situation.

Vivaan Shah: Vivaan Shah is a professional Forex and Cryptocurrency Market Analyst with a background in Finance. He has worked in several foremost publications before getting into NameCoinNews. He has been involved in the cryptocurrency for years. He loves to spend his free time in recording podcasts for crypto beginners. He also enjoys to explore cryptocurrency products.