Meta approves plan for bigger executive bonuses

Meta approves bonuses of up to 200% of company executives' salaries as it trims stock awards for employees
Meta approved a plan to increase bonuses for company executives to up to 200% of their base pay amid layoffs targeting about 4,000 employees.
Meta approves plan for bigger executive bonuses following 5% layoffs
Executives at Meta stand to get bigger bonuses this year.
Meta approves bonuses of up to 200% for executives
Executives at Meta have been approved for targeted bonuses up to 200% of their salary, the company revealed in filings on Thursday, while the company is in the process of laying off 5% of its workforce.
Meta approves bonuses of up to 200% of company executives’ salaries a week after laying off 3,600 employees
The company said in an SEC filing it was increasing its "target bonus percentage" for named executive officers from 75% of their base salary to 200% of it. The changes will take effect from the 2025 annual performance period and do not include the company's CEO,
Meta executives to receive bigger bonuses following company layoffs
Meta began plans to lay off 5 percent of its workforce, representing over 3,600 employees. This week, the company internally approved a plan to increase bonuses for executives sans Mark Zuckerberg. Meta published a corporate filing this week that was spotted by CNBC.
Meta execs to pocket 200% bonuses after 3,600 layoffs spark outrage
Just a week after slashing its workforce by roughly 5%, or 3,600 employees, Meta has greenlit a compensation plan that could see its top executives pocketing bonuses of up to 200% of their base salaries.
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