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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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SF Gate

Bay Area tech giant raises executive pay after laying off thousands of workers

Bay Area tech giant Meta is raising the bonuses for its CFO, CTO, COO and CPO after laying off thousands of workers.

13 hours ago·San Francisco, United States

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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.

16 hours ago·United States

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Fox Business

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%.

16 hours ago·United States

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Engadget

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, which is up from 75 percent. This comes just after Meta announced sweeping layoffs impacting five percent of its workforce. A committee for Meta’s board of directors approved the change on February 13, on the grounds that the “target total cash com…

16 hours ago·United States

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