Meta plans to reduce the bonus multiplier from 85% to 65% and restricted stock awards for staff who "met most expectations" in the 2023 year-end review, The Wall Street Journal’s Salvador Rodriguez reports. According to an internal memo, in addition to employees receiving a smaller percentage of their bonus and restricted stock award due in March 2024, the Facebook parent will more frequently assess employee performance. "We understand that while this is a significant change that might disappoint some people, it aligns with our continued focus on maintaining a high-performance culture," the memo said. CEO Mark Zuckerberg previously said 2023 would be the "year of efficiency." Reference Link
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