[WoefullyInept]

It might be a gesture at a company like Amazon where they employ many low paid workers, but at FB a high proportion of workers will see this as a 0.2-1% bonus.

The 'exceeds' performance review will have a much bigger impact on income.

[cjhopman]

I suspect that for many employees, the important thing isn't even the income aspect of the 'exceeds' rating, it's the fact that they don't need to be stressed about maintaining high performance when they are dealing with a lot of challenges related to newly working from home and being near quarantined and possibly having kids doing kid things all day.

[packetslave]

The 'exceeds' performance review will have a much bigger impact on income.

Not until mid-September bonus payout, though.

[disgruntledphd2]

Exceeds bonus: great!

Not having to write perf reviews: priceless!