Sam’s Club is closing 63 locations, some shutting down overnight– without even telling employees. The news came as Walmart, which owns Sam’s Club, announced it would use some of the savings from the new tax law to raise minimum wages from $9 to $11 per hour, expand maternity and parental leave benefits, and offer employees a bonus of up to $1,000. FORTUNE

The $1,000 bonus is for employees who have worked there for over 20 years. Is this good? We were hoping for a gold watch.


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