Meta has approved a revised bonus plan allowing executives to earn up to 200% of their base salary as incentives, significantly up from the previous 75%. This decision comes during a major workforce reduction, targeting around 4,000 employees, which CEO Mark Zuckerberg attributes to the need for streamlining and focusing on low-performance. The layoffs have raised concerns among employees, particularly those who were recently rated as high performers, leading to questions about the criteria for terminations and overall employee morale amidst the looming changes.
When I received the email I was surprised by it mostly because I have a very solid performance history and no indicators of the last six months of performance problems.
The bonus plan is designed to motivate its executive officers to focus on company priorities and to reward them for company results and achievements.
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