$WMT to hire 150K new employees through the end of May to work in stores, clubs, and distribution and fulfillment centers. The jobs will be temporary but many will convert to permanent roles. To give a bonus to all US hourly associates in stores, clubs, supply chain and offices in the amount of $300 for full-time hourly associates and $150 for part-time hourly associates and will add up to more than $365M. Every hourly associate employed by the company as of March 1 will qualify, and it will pay out on April 2. In addition, the company will accelerate the next scheduled quarterly bonus for store, club and supply chain associates a month early. The company will pay those bonuses as if the company achieved its first quarter plan. At the regularly scheduled time for bonus payout in May, that amount may increase for associates based on performance. In no case will an eligible associate receive less than the first quarter plan bonus payment. The early payout will add up to $180M.
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