by B. R. GOWANI
Meta announcement: 5% “low performers,”
i.e., 3,600 employees, to be fired
a week later …
Meta announces: executive officers to get 200% bonus
Meta’s reason in its filing with the US Securities and Exchange Commission:
“As previously disclosed, Meta Platforms, Inc. (the “Company”) maintains a Bonus Plan (the “Bonus Plan”) that provides variable cash incentives, payable annually, which are designed to motivate its executive officers to focus on company priorities and to reward them for company results and achievements.”
employees are fired for low performance
top executives are given bonus to motivate them
why not give bonus to “low performers” to motivate them?
because the motivation thing is baloney
low performance is an excuse to increase Meta profits
let’s say, Meta tells it executive officers to “work hard or get fired”
won’t they put more efforts?
of course they would — they have to because they can’t do anything else
unless they want to retire or have jobs waiting in companies
in that case, the world is full of people who could fill their shoes
the main person running Meta Platforms is Mark Zuckerberg
Zuckerberg is the chairman/CEO/controlling shareholder
(Meta is the parent company of Facebook)
B. R. Gowani can be reached at brgowani@hotmail.com