Auto manufacturer Ford surprised its employees earlier this year by announcing that it will be cutting expected stock award bonuses by 50% for its middle managers who operate above the company’s 76,000 other employees worldwide. Meaning, only 1,650 of those managers will receive their expected yearly bonus.
Why? Ford claims that the 50% cut has been instituted to focus on “driving a high-performance culture that recognizes and rewards employees for their business contributions,” as Fortune has reported.
