Meta Boosts Executive Bonuses to 200% Following Layoffs and Stock Award Cuts
The decision comes as the company lays off 3,600 employees, reduces staff stock awards, and commits up to $65 billion to AI investments in 2025.
- Meta's board approved a plan increasing executive bonuses from 75% to 200% of base salaries, effective for the 2025 performance period.
- The bonus adjustment, which excludes CEO Mark Zuckerberg, aims to align executive compensation with industry peers at the 50th percentile.
- The announcement follows the layoff of 3,600 employees, labeled as 'low performers,' though some ex-workers dispute the designation.
- Meta has also reduced annual stock-based compensation for most employees by approximately 10%, impacting tens of thousands of staff members.
- Despite controversy over layoffs and compensation changes, Meta reported strong Q4 2024 earnings with a 21% revenue increase and plans to invest heavily in AI infrastructure this year.