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Meta to lower bonus payouts for certain employees

  • Meta has decided to lower its bonus payouts for its employees due to its recent slump in stock prices and revenues.
  • Employees who receive bonuses from the company will also have to undergo additional performance reviews as part of the new policy.
  • The bonus reduction and additional performance reviews are part of Meta's efforts to cut costs and streamline its operations.
  • Employees who receive a "met most expectations" rating in their 2023 year-end reviews will receive a smaller percentage of bonus and restricted stock award due in March 2024.

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