Meta Approves Executive Bonuses Up to 200 Percent After Laying Off 1 in 20 Workers

According to a new corporate filing, Meta just approved a plan that would almost triple potential bonuses for the company’s executive officers. The bonus range will jump from 75 percent of their base salary to 200 percent, according to the documents, which were reviewed by CNBCs. Though the new bonus scheme doesn’t apply to CEO Mark Zuckerberg, CBNC points out that the change to executive compensation comes only a week after Meta began to lay off 5 percent of its overall workforce—a process which Zuckerberg alleged would target the company’s poorest performers, but which also swept up high-performing staff in its net too. READ MORE