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.
Good News! Zuckerberg's Meta Approves Up to 200% Bonuses for Employees on Base Salary
Here's good news for Meta employees, as company announced bonuses of up to 200% to its employees. Meta's board of directors has approved a new executive bonus plan that allows top executives to receive bonuses up to 200% of their base salary.
Meta greenlights up to 3x salary increment for executives after staff lay off
According to an SEC filing submitted on Thursday, Mark Zuckerberg’s Meta has just approved a plan that could see the company’s executives earn a bonus of up
Meta approves bonuses of up to 200% of executives’ salaries as war for tech talent rages
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,
Amid Layoffs, Meta Bumps Max Executive Bonuses to 200% of Their Base Salaries
Executive officers at Meta can now get up to 200% of their base salary in the form of an annual performance-based payout, up from 75%.
Right after sweeping layoffs, Meta says it will give executives bigger bonuses
At Meta this month, top execs and rank-and-file staff have been on wildly different rides. First, the Menlo Park company started laying off thousands of workers, with CEO Mark Zuckerberg framing the 5% cut as a way to “move out low-performers faster.
Meta is increasing executive bonuses to 200% of their base salary
Meta has approved a major increase in executive bonuses amid strong Q4 earnings and a recent layoff of so-called “low performers.”
Meta approves bonuses of up to 200% for company execs
Meta, the parent company of Facebook and Instagram, announced that it approved a change to its bonus policy for executives other than the CEO that will raise payouts from 75% to 200%.
Meta approves massive bonuses for executives after broad layoffs
Meta has offered up a lucrative new executive bonus plan, according to a company filing released Thursday. Under the new plan, executives could earn a yearly bonus of 200 percent of their base salary,
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 Executive Bonuses Up to 200 Percent After Laying Off 1 in 20 Workers
Your company should consider the message this sends to the non-executive workforce, and not follow the tech giant's example.
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