- Meta approved a plan that may allow officials to earn a bonus of up to 200% of their Aadhaar pay.
- This step comes the same month that the company says that it is planning to reduce its workforce by about 4,000 employees.
- Meta CEO Mark Zuckerberg has said that the company is targeting less performing employees.
Meta approved a plan that according to an SEC filing submitted on Thursday, the company officials can give a bonus of up to 200% of their Aadhaar salary.
The company stated in the filing that the bonus plan offers “variable cash incentives”, which “was designed to focus its executive officers to focus on the priorities of the company and to inspire them for the company’s results and achievements. Is.”
The company said that the plan will allow the bonus package to be increased from 75% to 200% base.
Bonus will not apply to Mark Zuckerberg, CEO of Boost Meta. This is not an unusual practice because the main executive compensation can be structured in a different way, more focus on stock options.
A Meta spokesperson did not immediately respond to the remarks request.
In filing, the company has written that its Compensation nominee and government committee approved the change after analyzing market data for executive compensation. He set the target for his officers the total cash compensation “The targets of officers holding the same positions were below or below the 15th percent of the total cash compensation target.”
According to the new target filing, compensation in 50th percent.
Meta comes in approval between another round of job cuts this month. The company said that its objective is to eliminate its 5% task force, which will give funds to about 4,000 employees.
Zuckerberg said that the cuts were to target the “low-demonstrations” as the company invests heavily in “a deeper year” to streamlined its operations and insert heavily in artificial intelligence.
But some workers were allowed to go, first Business Insider was told that they were caught by the guard because they were recently given a “AT or above expectations” rating in the Meta Midier Review in 2024. Was.
A worker said, “When I received an email, I was mostly surprised by this because I have very concrete performance history and no indicator of the last six months of performance problems,” a worker said that a worker said that a worker said .
The Meta spokesperson first told BI in an email, “Just because there was a history of meeting someone or crossing expectations, it does not mean that they continue to fulfill the bar continuously.” “Meta employees have always been held accountable to the target-based culture of high performance.”