Meta is laying off 4,000 employees (5% of its workforce) while approving executive bonuses of up to 200% of base pay, per an SEC filing.
The company says the bonus increase aims to reward executives for achieving company goals. CEO Mark Zuckerberg, whose pay structure differs, is not included. Meta claims the layoffs target "low-performers" as it streamlines operations and boosts AI investments.
However, some impacted employees say they had strong performance reviews. A Meta spokesperson emphasized the company's high-performance culture, stating that past good reviews don’t guarantee continued employment. The company has not commented further on the decision.