Meta has announced an increase in target bonus percentages for its executives, allowing them to earn up to 200% of their base salary, a major boost from 75%. This decision follows a review by the board, which concluded that executive compensation was below the industry standard, previously at the 15th percentile and now adjusted to the 50th. This change comes amidst layoffs affecting 5% of its workforce and a recent reduction in stock options, although Meta's shares have risen significantly, reflecting strong revenue growth.
Executives at Meta will receive bonuses up to 200% of their salary, a significant increase from the previous 75%, highlighting executive compensation adjustments amid workforce cuts.
Meta's board approved the new bonus plan after determining that their executives' compensation was below the 15th percentile of peer firms, now raising it to the 50th percentile.
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