Published 1 year ago

Facebook owner Meta planning lower bonus payouts for some employees

Summary by Reuters

Facebook owner Meta Platforms Inc (META.O) is planning to lower bonus pays for some employees, and assess staff performance more frequently, the Wall Street Journal reported on Tuesday, citing an internal memo.

0 Articles

All

Left

Center

Right

Times of India

Meta plans lower staff bonuses, additional performance review: WSJ report

Employees of the social media giant, who get a rating of "met most expectations" in their 2023 year-end reviews, will receive a smaller percentage of bonus and restricted stock award due in March 2024, the WSJ report said.

1 year ago·India

Read Full Article

Reuters

Facebook owner Meta planning lower bonus payouts for some employees

Facebook owner Meta Platforms Inc is planning to lower bonus pays for some employees, and assess staff performance more frequently, the Wall Street Journal reported on Tuesday, citing an internal memo.

1 year ago·United Kingdom

Read Full Article

NDTV

Meta Planning Lower Bonus Payouts For Some Employees: Report

Facebook owner Meta Platforms Inc is planning to lower bonus pays for some employees, and assess staff performance more frequently, as a part of a larger restructuring, the Wall Street Journal reported on Tuesday, citing an internal memo. The social media giant will be assessing performance of employees, and those who get a rating of "met most expectations" in their 2023 year-end reviews will receive a smaller percentage of bonus and restricted …

1 year ago·New Delhi, India

Read Full Article

The Star Kuala Lumpur

Facebook owner Meta planning lower bonus payouts for some employees

(Reuters) -Facebook owner Meta Platforms Inc is planning to lower bonus pays for some employees, and assess staff performance more frequently, the Wall Street Journal reported on Tuesday, citing an internal memo.

1 year ago·Malaysia

Read Full Article

New York Post

Zuckerberg slashes Meta bonuses, steps up employee reviews in latest cost cuts

Facebook parent Meta is reportedly set to slash bonus payments and step up the frequency of its employee reviews as part of CEO Mark Zuckerberg’s ongoing “year of efficiency.”

1 year ago·New York, United States

Read Full Article