Good morning, CFOs. Amazon is cutting hundreds of jobs. So are Macy’s and Wayfair. But one retail worker is still in high demand: Walmart superstore manager.

Walmart is giving bigger bonuses and adding stock awards to their annual pay packages, pushing the total compensation for the best ones to more than $400,000 a year.

The retail giant has thousands of store managers who act as midlevel executives. Each can often oversee a store with 350 workers and $100 million in annual revenue. Many start as clerks and climb the ranks without college degrees.

Store managers will now be able to earn up to $20,000 in annual stock grants and an up-to-200% bonus each year. The average base salary for a Walmart store manager is around $128,000.

That means a successful manager of a large Walmart store can earn up to $404,000 a year in total compensation. A Walmart spokeswoman declined to share how many managers generally receive their full bonus each year.

🗓️ Earnings

• Alphabet
• General Motors
• Microsoft
• Starbucks
• United Parcel Service

📈 Economic indicators

The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey.

S&P CoreLogic releases its Case-Shiller National Home Price index for November.

The Conference Board releases its Consumer Confidence Index for January.

Some influential dealers are pressing General Motors to introduce hybrid models, worried they risk losing customers who aren’t ready to make the switch to fully electric cars.

Dealers who serve on advisory committees to the automaker have urged executives in several recent meetings to add hybrids to GM’s lineup, according to people involved in the discussions. GM has focused on fully electric cars in recent years and largely bypassed hybrids, which pair an internal combustion engine with a small battery and electric motor to boost fuel efficiency.

• Netflix co-founder Reed Hastings donated $1.1 billion worth of his stake in the streaming company to a California-based charity popular with technology founders because it gives them tax breaks and privacy.
• Stocks rose to start the week, with investors bracing for busy days ahead.
• Amazon.com and robotic vacuum maker iRobot agreed to terminate their $1.7 billion deal amid regulatory pushback, as competition authorities worldwide look more closely at tech company transactions.
• Logistics technology companies are cutting costs and slashing staff as a prolonged slump in freight stretches into 2024.
• Workers called it quits less frequently in 2023, a sign confidence in the labor market is falling as the U.S. economy is expected to slow and Americans are taking longer to find new jobs.

📰 More headlines

• Exclusive: Top Goldman Sachs Executive to Depart
• Renault Cancels IPO Plans for Ampere
• Portable-Building Companies Strike $3 Billion Deal
• The Real-Estate Downturn Comes for America’s Premier Office Towers
• What Investors Need to Know About the Treasury's Borrowing Plans

Shockwave Medical, a Santa Clara, Calif.-based cardiovascular medical device company, named Renee Gaeta as its new finance chief, effective Feb. 5. Gaeta succeeds Dan Puckett, who previously announced his decision to retire. Gaeta most recently served as CFO at Eko Health.

—Chris Wack and Mary de Wet contributed to this newsletter.

The Wall Street Journal's CFO Journal offers corporate leaders and professionals CFO analysis, advice and commentary to make informed decisions. We cover topics ranging from corporate tax accounting, regulation, capital markets, management and strategy.

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