Meta Boosts Executive Bonuses to 200% Following Workforce Cuts
The tech giant raises executive compensation while reducing stock awards and laying off 5% of its employees.
- Meta's board approved a plan increasing executive bonuses from 75% to 200% of base salary, citing below-market compensation compared to peer companies.
- The bonus adjustment does not apply to CEO Mark Zuckerberg, whose wealth is tied to Meta's stock performance.
- Approximately 4,000 employees, or 5% of Meta's workforce, were recently laid off, with the company targeting low performers, though some employees dispute this classification.
- Meta has also reduced annual stock option awards by about 10% for thousands of employees, with variations depending on location and role.
- Despite workforce reductions, Meta reported a 21% increase in Q4 revenue year-over-year, driven by strong advertising performance and AI investments.