US EditionMeta Boosts Executive Bonuses to 200% After Workforce Cuts
- Meta has approved an increase in target bonuses for its executive officers from 75% to 200% of their base salaries for 2025, according to a Securities and Exchange Commission filing.
- In mid-January, Meta announced it would cut 5% of its workforce, translating to about 3,600 employees, based on performance.
- Meta's Chief Financial Officer, Susan Li, will benefit from the increased bonuses, while CEO Mark Zuckerberg's salary remains at $1 with no bonus participation, although he received $24.4 million in 2023 for other compensation.
- Zuckerberg stated that the cuts aim to accelerate the management of low performers within the company.
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Good News! Zuckerberg's Meta Approves Up to 200% Bonuses for Employees on Base Salary
California: Here's good news for Meta employees, as the tech giant, led by Mark Zuckerberg, has announced that it will be awarding bonuses of up to 200% to its employees this year. This decision comes as a moral booster for the workforce, especially after the recent layoffs and c
·Mumbai, India
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Total News Sources40
Leaning Left7Leaning Right5Center11Last UpdatedBias Distribution48% Center
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R 22%
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