Last week, Meta initiated a plan to reduce its staff by 5%, affecting more than 3,600 employees. This week, the organization internally sanctioned a proposal to enhance executive bonuses, excluding Mark Zuckerberg.
This week, Meta made a corporate disclosure that CNBC picked up on. In this filing, they revealed that they have raised the maximum bonus percentage for their executive officers under the Bonus Plan. Yet, this enhancement does not extend to CEO Mark Zuckerberg.
The choice was finalized on the 13th of February, following a review by Meta’s board of directors, who compared Meta’s bonuses for key personnel with those offered to executives in comparable positions at other firms.
Last week, I learned about the upcoming job cuts at Meta, affecting over 3,600 employees. This decision was disclosed in January, and our CEO, Mark Zuckerberg, hinted that next year, 2025, is going to be a challenging one for us all, packed with intensity.
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2025-02-21 18:57