Walmart Boosts Manager and Employee Pay Amid Growth

Walmart has announced significant pay raises for its market and regional managers, with potential earnings reaching up to $620,000 annually. The new compensation package includes a minimum base pay of $160,000 and higher stock awards and bonuses, reflecting Walmart's strong financial performance and strategic expansion into wealthier consumer segments. These changes are part of a broader investment in Walmart's workforce, which also includes improved pay packages for both hourly employees and store managers. The retailer has reported robust growth, with third-quarter revenue reaching $169.59 billion, driven by increased e-commerce sales and a growing customer base of higher-income households. However, Walmart faces criticism from some shareholders over its reduced focus on diversity, equity, and inclusion initiatives.