WALMART will be giving its hourly employees cash bonuses and will hire an additional 150,000 to offset the layoffs caused by the ongoing coronavirus outbreak.
"Walmart associates have gone above and beyond the call of duty in serving our customers during these unprecedented times," President and CEO Doug McMillon said in a press release.
"We want to reward our associated for their hard work and recognize them for the work that is in front of us."
The company will pay out a total of $365 million in bonuses, and every person employed at Walmart as of March 1 qualifies.
Employees will receive their payouts on April 2, the company said.
Walmart will also hire 150,000 additional workers through the end of May in its clubs, distribution centers, fulfillment centers, and stores.
Although the jobs will be temporary, many of them will convert to permanent positions over time.
The corporate juggernaut is also expediting its hiring process for cashiers and stock positions – what is typically a two-week application cycle will now be a 24-hours process to employ more Americans as the COVID-19 pandemic threatens to put nearly 80 million out of work.
The initiatives are a direct response to the economic impact US businesses are facing due to fears over the rapidly spreading virus.
"We know millions of Americans who are usually employed at this time are temporarily out of work, and at the same time we're currently seeing strong demand in our stores," said McMillion.
"We're looking for people who see Walmart as a chance to earn some extra money and perform a vital service to their community."
In addition to economic relief for its employees, Walmart has taken steps to ensuring all its customers are able to purchase necessities as Americans remain quarantined.
The company slashed its shopping hours and put limits on milk, eggs, toilet paper, diapers and baby formula last weekend to cull depleted resources from panic-shopping.
It will also host an hour-long senior shopping "event" for customers aged 60 and older from March 24 to April 28.
As retailers and shops around the country attempt to slow the pandemic, the US recorded more than 200 deaths and over 14,000 coronavirus cases on Friday morning.
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