Facebook parent Meta plans to lower some bonus payouts and to assess employee performance more frequently.
Employees who are given a rating of “met most expectations” in their 2023 year-end reviews are set to receive a smaller percentage of their bonus and restricted stock award due in March 2024. The bonus multiplier for that grade has been cut to 65%, according to the memo. It was 85%, according to an internal document viewed by the Journal.
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