Fb proprietor Meta planning decrease bonus payouts for some workers

The bonus multiplier for that grade has been minimize to 65 per cent from 85 per cent earlier, WSJ stated, including that the corporate may also restart assessing workers efficiency twice a 12 months.

“We’re making adjustments to our efficiency course of, making an allowance for learnings and suggestions over the past 12 months whereas optimizing for the longer term. These adjustments usually are not associated to workforce restructuring,” a Meta spokesperson stated in an announcement to Reuters, with out giving any additional particulars.

On March 14, the corporate introduced that it could minimize 10,000 jobs this 12 months in a second spherical of layoffs, as a part of restructuring that may see it scrap hiring plans for five,000 openings, kill off lower-priority tasks and “flatten” layers of center administration, because the business braces for a deep financial downturn.