Meta plans lower staff bonuses, additional performance review: WSJ report

Meta Platforms Inc, the parent company of Facebook, will lower bonuses for some employees while also conducting an additional performance review, a Wall Street Journal (WSJ) report said, citing an internal memo.

The bonus for employees who get a rating of ‘met most expectations’ has been cut to 65%, from 85% earlier, according to the memo. Employees are due to receive the bonus and restricted stock in March 2024, the report said.