As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese...World Economyread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
Delta is gathering more data from customers than ever in hopes of avoiding customer service problems and increasing customer satisfaction, its CFO says.At Workread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
Facebook on Tuesday night announced it revamped its performance review system and will now tie employee bonuses to new criteria, such as "making progress on the major social issues facing the internet and our company."
Other criteria upon which employees will be graded include building new experiences, supporting businesses that rely on Facebook and communicating more transparently about the work they are doing, a Facebook spokeswoman told CNBC in a statement. These goals were outlined by CEO Mark Zuckerberg during the company's earnings call with analysts and investors last week.
"So in a nutshell: Facebook's moving from a focus on growth, to a focus on change," a Facebook spokeswoman told CNBC in an email.
The new system comes one month after a CNBC report detailed Facebook's performance review system based on the accounts of more than a dozen former employees. The revamped performance review system was previously reported by Fortune.
"Over the past two years, we've fundamentally changed how we run Facebook," the company said in a statement. "This particular change is designed to ensure that we are incentivizing people to keep making progress on the major social issues facing the internet and our company."
The new criteria will be used to measure employee performance for the first half of 2019, the company told CNBC.
Previously, Facebook employees earned bonus based primarily on how their performance drove user growth, user engagement and revenue growth, according to a company filing. The previous criteria also included improving the company's product quality, its brand and making progress toward the company's long-term investments.