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Some places I've worked in offer nice employee discounts or gift card bonuses around the holidays, which definitely help stretch the budget for gifts. In my current workplace, they just do something small like a holiday party or extra time off instead. I hear you, though.
I typically do get a Christmas bonus, but I never know what it is and it doesn't come until a few days before Christmas so I can't bank on it to buy my Christmas presents. I normally put things on credit cards and hope that my bonus covers it.