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Meta approves bonuses of up to 200% of company executives' salaries amid layoffs

  • 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.

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