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Meta approves plan for bigger executive bonuses following 5% layoffs

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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Mashable

Meta offering 200 percent bonuses to execs after laying off thousands

According to a new SEC filing, Meta execs can expect a major increase in bonuses, as the company downsizes its workforce.

2 hours ago·United States

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New York Post

Meta approves massive bonuses for executives — days after slashing 5% of workforce

Meta approved larger bonuses for its executive staff days after the company laid off about 4,000 workers.

3 hours ago·New York, United States

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sherwood.news

Meta increases executive bonuses to 200%

After firing 5% of its overall workforce....

7 hours ago

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Hot News

Mark Zuckerberg's company executives increase their bonuses after the latest wave of employee layoffs - HotNews.ro

Executives at Meta, the company founded and led by Mark Zuckerberg, will receive higher bonuses this year, financial television channel CNBC reports. The company announced in a financial document filed with US regulators on Thursday…

7 hours ago·Romania

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Fortune

Meta approves bonuses of up to 200% of company executives’ salaries a week after laying off 3,600 employees

Meta has approved a plan that could see company executives earning bonuses of up to 200% of their salaries.

9 hours ago·New York, United States

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UPI

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.

11 hours ago·Washington, United States

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