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The title misses the other, and more impactful/unprecedented change of giving everyone "exceeds" rating and skipping perf review for them (except for those high performers who will get separate review).

That does far more than $1000 to relieve everyone and make it fair for those who have to take care of others in the family during such time.

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Yeah, this change is easily worth something on the order of $20k this year and then $10k per year for the three following years for every engineer who wouldn't have otherwise achieved this rating. It's huge.

Interestingly, I assume they're doing this because it means they can skip the performance cycle entirely. That's a good way to save process. It's gonna harm some people who were on track to do better than exceeds, though. (On average it should help people.)

> It's gonna harm some people who were on track to do better than exceeds, though.

There's no news about this yet, but I've heard that people that are on track to do better than exceeds will likely still have a review so that they don't miss out.

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