Meta Boosts Executive Bonuses to 200% After Workforce Cuts
- Meta approved a bonus plan that may allow top executives to receive up to 200% of their base salary, according to a recent SEC filing.
- This new plan comes after Meta announced a 5% workforce reduction impacting nearly 4,000 employees.
- Affected employees expressed surprise over their layoffs, citing recent positive performance ratings.
- Meta's CEO Mark Zuckerberg explained that the layoffs target 'low-performers' to streamline operations during an 'intense year.
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37 Articles
37 Articles
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Left
7
Center
10
Right
5
Coverage Details
Total News Sources37
Leaning Left7Leaning Right5Center10Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 32%
C 45%
R 23%
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