Meta has unveiled a new executive bonus plan allowing rewards up to 200% of base salary, significantly higher than the previous 75%. This decision comes amidst substantial layoffs, affecting five percent of the workforce, which has triggered scrutiny over executive compensation compared to regular employees. The board approved the bonus hike citing competitive pay concerns, as executives were earning below the 15th percentile compared to rivals. Meanwhile, Meta is also reducing stock options for non-executive employees. This juxtaposition raises questions about morale and equity within the company amid financial success and layoffs.
Meta has introduced a new executive bonus plan allowing up to 200% of base salary, increasing from 75%, amid ongoing layoffs affecting 5% of its workforce.
The approval from Meta's board comes as a response to its executives' compensation being below the 15th percentile compared to rival companies, yet the bonuses don't apply to Zuckerberg.
While Meta’s shares rose significantly leading to higher revenues, the company is cutting stock options for employees and reducing workforce numbers, highlighting a possible disparity in executive versus employee treatment.
Zuckerberg’s statement about a 'leaner organization' suggests the company's focus on boosting productivity and fulfilling work, contrasted with the unsettling atmosphere of layoffs.
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