A week after it began laying off 3,600 employees for “low performance”, Meta is expected to offer giant bonuses to its executives this year, it said in a recent corporate filing, according to a report by Moneycontrol. The tech giant stated that its executive officers, not including CEO Mark Zuckerberg, could earn a bonus of 200% of their base salary. …
Facebook parent Meta Platforms is cutting around 5 per cent or 3,600 jobs based on performances and will hire for the roles, according to a Bloomberg citing an internal note to employees from CEO Mark Zuckerberg. The memo sent to all employees by Zuckerberg said, “I’ve decided to raise the bar on performance management and move out low-performers faster.” As …
