Meta, the world's top technology company, recently announced that 5 percent of the workers left behind in their work. The company has planned to pay a bonus up to 20 percent of the basic salary of the executive workers without cutting the announcement. For this, the SEG (Securities and Exchange Commission) documents were submitted by the company last Thursday.
According to the document, this bonus plan is designed as 'Variable Cash Incentives' (variable cash incentive), which is aimed at the company's main goals and priorities to focus on executive staff and reward them according to their achievements.
According to the company, according to the plan, the executive will have the opportunity to increase the bonus package from 5 percent to 20 percent.
However, this bonus increases will not apply to Mark Zuckerberg CEO CEO. This is a common practice. Because the bonus of the CEO is usually determined separately, which is largely dependent on shares or other types of incentives.
The document also states that the company's component, nominating and governance committee analyzed the market data of the total remuneration of the executives before approved the change. They think that the allowance before the executives of Meta was 5 percent lower than the allowance of the executives in the same position as other organizations. However, according to Meta's new plan, the amount of compensation for their executives will be 5 percent of the market.
This is a timely decision. Because Meta currently announced plans to trim 5 percent of the company's employees, which will affect about 5,000 workers.
Matter CEO Mark Zuckerberg said the 'less skilled' worker was trimmed, so that the company could handle its activities more efficiently and to continue a huge investment in artificial intelligence (AI).
However, some workers who have been trimmed in the last few days have said that they were surprised to suddenly lose their jobs. Because they were rated in the middle of the intermediate year 'ET or Abov Expectations' (better than expectations).
However, Meta's spokeswoman said, 'Someone in the past does not mean that he will always meet the company's performance conditions. In Meta, the staff is always responsible for the high performance culture of target -based high performance. '
References: Business Insider
