Meta approves bonuses of up to 200% for company execs as it lays off workers
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 raises executive bonuses by up to 200% after cutting 5% of its workforce
According to an SEC filing submitted yesterday, Meta has approved an increase in the target bonus percentage for its annual bonus plan for executives.
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.”
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 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 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.
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