After two massive layoff rounds, Meta now lowers staff bonuses
Image Credit: economic times
Meta terminated the services of 10,000 employees earlier this month. Now, Facebook's parent company has decided to reduce bonus payouts to certain staff and conduct employee performance assessments more frequently. The bonus multiplier rate for the affected workers will be slashed from 85% to 65%. The firm claims that the changes have no connection with the restructuring of the workforce.