Please ensure Javascript is enabled for purposes of website accessibility

Walmart Needs Another 150,000 Temporary Employees to Meet Demand

By James Brumley - Mar 20, 2020 at 12:52PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The world's largest retailer is also ensuring that current employees stick around during this challenging time.

Between the closing of most stores and the voluntary quarantining of consumers, March has been a tough month for retailers. It could get worse before it gets better too, should the coronavirus linger.

Walmart (WMT 0.08%), however, is one exception to this new norm. It's struggling to keep up with surging demand -- online and in-store -- for basic consumer staples like cleaning supplies, food, and toiletries. The company is so overwhelmed, in fact, that it's looking to hire an additional 150,000 temporary employees in the United States alone. These workers will be positioned in its stores as well as the company's distribution and fulfillment centers, and are expected to be needed until May.

A yellow sign says "we are hiring"

Image source: Getty Images.

For perspective, the retailer regularly employs about 1.5 million workers in the U.S.

Keeping existing employees on-board

Walmart is also acting to retain its existing workers, some of whom say they are "tired and frustrated" at the pace shelves are being restocked and then depleted again by shoppers. The retailer announced on Friday it had earmarked $550 million for bonuses payable to hourly employees. Full-timers will receive a $300 award, while part-timers will pocket $150.

Walmart isn't alone

Walmart isn't the only consumer-facing name to experience overwhelming demand at a time when most retailers are shuttered. Online shopping giant Amazon.com (AMZN 3.58%) reported earlier this week it was aiming to hire 100,000 workers to meet burgeoning demand for essential goods. Like Walmart's online shopping and curbside pickup options, Amazon's delivery model gives concerned consumers a way to avoid coming in contact with large crowds.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Wal-Mart Stores, Inc. Stock Quote
Wal-Mart Stores, Inc.
WMT
$123.72 (0.08%) $0.10
Amazon.com, Inc. Stock Quote
Amazon.com, Inc.
AMZN
$116.46 (3.58%) $4.02

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
336%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/27/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.