Meta has announced a significant increase in its bonus plan for executives, raising the target bonus percentage to 200% of base salaries from the previous 75%. This change was approved by Meta's board to better align executive compensation with peer companies. Notably, this updated bonus does not apply to CEO Mark Zuckerberg. The announcement follows Meta's recent decision to lay off 5% of its workforce, focusing on lower performers, despite the company witnessing a robust stock performance fueled by gains in digital advertising and anticipated AI investments.
The updated bonus plan for Meta's executives can now go up to 200% of their base salary, a significant increase from the previous 75%.
Remote layoffs at Meta targeted the company's lowest performers, marking a period of restructuring amidst increasing executive compensation.
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