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Meta approves hefty bonus plan for executives amid layoffs and stock option cuts for thousands.
Meta has approved a new bonus plan for executives, allowing them to earn up to 200% of their base salary, up from 75%.
This decision comes a week after the company laid off 5% of its workforce.
Despite Meta's stock rising over 47% in the past year, the company has also cut its yearly stock option distribution for about 10,000 employees by 10%.
The changes do not apply to CEO Mark Zuckerberg.
The moves reflect Meta's efforts to balance financial incentives with workforce reductions and investments in AI.
2 months ago
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