Meta CEO Bonuses Soar After 5% Layoffs
Meta has increased its executive bonus target to 200% of base salary, up from 75%, following a board committee’s determination that prior compensation was below the 15th percentile of peer companies. This adjustment, excluding CEO Mark Zuckerberg, aligns Meta’s executive compensation closer to the median of comparable firms. This news follows recent layoffs affecting 5% of the workforce and a 10% reduction in stock options for many employees. The changes come amidst a period of strong financial performance and investor optimism regarding Meta’s future prospects.
John Q. Hosedrinker