In addition to issuing bonuses to many employees, Walmart has increased its starting hourly wage to $11/hour. The change is an effort to take tax savings from Trump’s recent reform and put them into employee wages.
This part of the story has been all over mainstream media but another story is flying under the radar: Walmart also closed 63 Sam’s Club stores and laid off thousands of employees nationwide.
If this wasn’t interesting enough, many employees weren’t even informed that they would be losing their jobs. They simply showed up to work to find Sam’s club closed down.