On the other hand, Walmart is paying bonuses, raising minimum wages, and providing more benefits, courtesy of the new tax plan. Over 1 million employees are affected:
Walmart is raising starting wages for hourly employees to $11 and offering a one-time cash bonus of up to $1,000, the company said Thursday.
The retailer also said it was expanding maternity and parental-leave benefits, as well as creating a new benefit to assist with adoption expenses.
Walmart's starting pay is now $9 for all hourly employees, or $10 for those who completed a training program.
The changes will take effect in February and affect more than 1 million US Walmart employees, the company said.
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