Walmart (WMT), the nation’s largest private employer, is raising wages for 425,000 of its nearly 1.5 million employees.
“We completed a strong year and a strong Q4 thanks to our amazing associates. They stepped up to serve our customers and members exceptionally well during a busy holiday period in the midst of a pandemic. Change in retail accelerated in 2020. The capabilities we’ve built in previous years put us ahead, and we’re going to stay ahead. Our business is strong, and we’re making it even stronger with targeted investments to accelerate growth, including raises for 425,000 associates in frontline roles driving the customer experience,” Walmart CEO Doug McMillon said in a statement in the retailer’s fourth-quarter earnings results.