Surprise! Amazon cuts bonus program to pay for raises

Amazon

When Amazon announced to much fanfare that it was raising its hourly wage to a minimum of $15, it drew the praise of socialist Sen. Bernie Sanders.

But the company followed the news by quietly killing employee bonus programs to pay for the raises.

“An employee earning $15.25 an hour who has worked for Amazon for more than three years in Arizona crunched the numbers. Although he is getting a $1 an hour raise, which would equate to as much as $2,080 in additional pay a year, he said he could have earned a few thousands of dollars more from the incentive

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