Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Amazon Promises $500 Million in Holiday Bonuses for Front-Line Staff

11/27/2020 | 11:48am EST

By Maria Armental

Amazon.com Inc. will pay front-line staff a special holiday bonus as the e-commerce giant responds to a surge in online sales during the coronavirus pandemic that is driving record results.

Full-time employees at Amazon from Dec. 1 through Dec. 31 qualify for a bonus of $300, while part-time employees will receive $150, said Dave Clark, senior vice president of world-wide operations, in a blog post. The special bonus will total more than $500 million, he said.

The company offered a similar bonus in June following strong demand from consumers stuck at home during coronavirus lockdowns.

Early in the pandemic, Amazon faced criticism from employees about its response to the virus. Employees at several facilities staged walkouts in the spring demanding that Amazon shut down facilities with positive cases.

The company has taken actions to address worker safety, including requiring physical distancing and giving employees personal protective gear. In all, Amazon said, it had spent more than $7.5 billion in pandemic-related costs through Sept. 30.

The tech giant in October said more than 19,000 employees had tested positive for the coronavirus, which it said was a lower number than it expected based on the infection rate of the general population, and said it continued to ramp up its in-house Covid-19 testing program with capacity reaching 50,000 tests a day across 650 sites by November.

Other retailers have provided extra pay to their front-line workers. Walmart Inc. this year has given $1.1 billion in bonuses to its associates. Target Corp. raised its starting wages for hourly workers to $15, permanently extending a temporary increase implemented during the pandemic, and gave its workers a bonus in July and in October.

Amazon, which raised its U.S. minimum pay to $15 an hour in 2018, reported a profit of $14.11 billion on $260.51 billion in net sales for the first nine months of this year and projected $112 billion to $121 billion in sales this quarter. In 2019, Amazon reported a $11.59 billion profit on $280.52 billion in sales.

Write to Maria Armental at maria.armental@wsj.com

Corrections & Amplifications

This article was corrected on Dec. 1, 2020 to show that Target gave its workers a bonus in July and in October. The original version failed to include one of the bonuses that Target Corp. gave its workers.

(END) Dow Jones Newswires

11-27-20 1148ET

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.74% 3104.25 Delayed Quote.-4.69%
TARGET CORPORATION -1.62% 194.8 Delayed Quote.10.35%
WALMART INC. -1.59% 144.64 Delayed Quote.0.34%
All news about AMAZON.COM, INC.
01:36pAMAZON COM : faces backlash from Indian ruling party lawmakers over web series '..
01:26aNASA's Delayed Deep-Space Rocket Suffers Test Failure on the Ground
01/16UK's Deliveroo raises $180 million from investors, valued at $7 billion
01/16The Five Biggest Issues for Technology Companies in 2021
01/16The Five Biggest Issues for Technology Companies -2-
01/16BOEING'S OTHER BIG PROBLEM : Fixing Its Space -2-
01/15AMAZON COM : U.S. keeping music licensing decrees that help Spotify, others
01/15AMAZON COM : a Longtime E-Book Discounter, Is Accused of Driving Up the Price of..
01/15As inauguration nears, law enforcement scrutiny drives U.S. extremists into i..
01/15Morgan Stanley Sees E-Commerce Growth Decelerating in 2021 as Consumer Demand..
More news
Financials (USD)
Sales 2020 380 B - -
Net income 2020 18 142 M - -
Net cash 2020 44 304 M - -
P/E ratio 2020 89,2x
Yield 2020 -
Capitalization 1 558 B 1 558 B -
EV / Sales 2020 3,98x
EV / Sales 2021 3,32x
Nbr of Employees 798 000
Free-Float 81,7%
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 52
Average target price 3 830,67 $
Last Close Price 3 104,25 $
Spread / Highest target 45,0%
Spread / Average Target 23,4%
Spread / Lowest Target 12,7%
EPS Revisions
Managers and Directors
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM, INC.-4.69%1 557 561
JD.COM, INC.-0.15%136 033
WAYFAIR INC.32.86%29 834
ETSY, INC.14.90%25 776
MONOTARO CO., LTD.0.76%12 660