Amazon.com Inc. (AMZN) said Monday it was paying bonuses to all of its employees and delivery partners on the front lines in June during the COVID-19 pandemic, for a total cost of over $500 million. The ecommerce and cloud giant said it will give $500 to each full-time Amazon and Whole Foods Market employee, and delivery service partner driver, and give $250 for part-time employees. The company said it will pay $1,000 to all front-line Amazon and Whole Foods Market leaders, and pay $3,000 to delivery service partner owners. For Amazon Flex drivers, Amazon said it will pay $150 for those who have more than 10 hours in June. "Our front-line operations teams have been on an incredible journey over the last few months, and we want to show our appreciation with a special one-time Thank You bonus totaling over $500 million," said Dave Clark, senior vice president of WW Operations at Amazon. The stock fell 2.1% in morning trading, but has run up 39% over the past three months, while the S&P 500 has climbed 18.2% the past three months.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 29, 2020 09:50 ET (13:50 GMT)
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