Meta approves bonuses of up to 200% of company executives' salaries as it trims stock awards for employees
Meta approved a plan to increase bonuses for company executives to up to 200% of their base pay amid layoffs targeting about 4,000 employees.
Meta approves bonuses of up to 200% of company executives’ salaries a week after laying off 3,600 employees
The company said in an SEC filing it was increasing its "target bonus percentage" for named executive officers from 75% of their base salary to 200% of it. The changes will take effect from the 2025 annual performance period and do not include the company's CEO,
Meta approves plan for bigger executive bonuses following 5% layoffs
Executives at Meta stand to get bigger bonuses this year. The company said in a corporate filing Thursday that it had approved “an increase in the target bonus percentage” for its annual bonus plan for executives.
Meta approves bonuses of up to 200% for executives
Executives at Meta have been approved for targeted bonuses up to 200% of their salary, the company revealed in filings on Thursday, while the company is in the process of laying off 5% of its workforce.
Meta executives to receive bigger bonuses following company layoffs
Meta began plans to lay off 5 percent of its workforce, representing over 3,600 employees. This week, the company internally approved a plan to increase bonuses for executives sans Mark Zuckerberg. Meta published a corporate filing this week that was spotted by CNBC.
Meta execs to pocket 200% bonuses after 3,600 layoffs spark outrage
Just a week after slashing its workforce by roughly 5%, or 3,600 employees, Meta has greenlit a compensation plan that could see its top executives pocketing bonuses of up to 200% of their base salaries.
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