Best Buy Is The Latest Company To Hand Out Bonuses!

We’ve had a lot of awesome economic news lately! As we told you last week, Lowe’s is handing out bonuses of up to $1,000 to 260,000 employees, thanks to the new tax legislation. UPS has announced more than $12 billion in investments, thanks to the new tax legislation. Hostess Brands is handing out $1,250 bonuses to over 1,000 hourly employees AND handing out legit delicious crumbs, thanks to the new tax legislation.

That’s not all.

Best Buy’s CEO Hubert Joly announced that the company will hand out a $1,000 bonus to full-time employees and a $500 bonus to part-time employees, thanks to the new tax legislation

In a letter to employees Friday, CEO Hubert Joly said full-time workers will receive a one-time bonus of $1,000 and part-timers, $500.

All permanent employees who are not on an existing bonus plan will receive the additional funds. The bonuses will show up in workers’ paychecks this month.

In all, more than 100,000 of Best Buy’s 125,000 employees in the U.S., Mexico and Canada are expected to receive the extra cash.

In addition, the Richfield-based retailer is making a one-time contribution of $20 million to the Best Buy Foundation to help further expand its teen tech centers and Geek Squad academies across the United States. A portion also will be used to create a nationwide employee volunteer program aimed at teenagers and technology.

“Our goal was simple: to say ‘thank you’ to more than 100,000 of our employees and help accelerate our work to bring much needed technology training to 1 million underserved teens a year,” said Jeff Shelman, a Best Buy spokesman.

Liberals, of course, are going to say this is stupid because it’s *only* a one-time bonus of a *measly* $1k.

Please raise your hand if you would pout about a $1k bonus.

That’s what I thought.

100,000 Best Buy employees get Trump tax cut bonuses or as Nancy Pelosi likes to call them: “crumbs”

https://t.co/DV0EZmu9Ea

— Sarah Sanders (@PressSec) February 3, 2018

Yep. “Crumbs.”

Imagine if the company actually did something worthwhile and raise their hourly rate instead of attention grabbing headline. A typical for full-time employee only makes $24,000 a year.

— Ryan Graney (@RyanEGraney) February 3, 2018

It’s not $1,000. They will be paying taxes on it before getting it. It’s more like $600 or less. A wage increase is better than a one time fix.

— Janine Duffy (@j9duffy) February 3, 2018

One time bonus that will be $700 after taxes meanwhile corps get permanent tax cut for millions to billions. Sounds like crumbs in the big picture to me.

— Zach buote (@Buote180) February 3, 2018

$620 after taxes is crumbs. $380 goes back in the coffer to pay for your boss's weekly vacations. You're welcome!

— ChicknCharge (@chkncharge) February 3, 2018

One thousand bucks is not “crumbs” to the average American. That’s a few car payments and trips to the grocery store. It’s new school clothes for the kids. It can go a long way. Anyone who suggests otherwise is detached from reality.

h/t Star Tribune