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Meta approves plan for bigger executive bonuses following 5% layoffs

Meta approves plan for bigger executive bonuses following 5% layoffs


EXECUTIVE SA Meta Stand to get more bonuses this year.

The company said to a corporation File Thursday it has been approved “an increase in percentage target bonus” for annual bonus plan for executives. Meta executives names can get a bonus of 200% of their base salary under the new plan, from 75% they have previously acquired, according to filing.

Updated bonus plan is not available at Meta CEO Mark ZuckerbergFitting is found.

A Committee for the Meta Director of Director has been approved February.13 After determining that the exectations of “targets them” are in executives with executives.

“After this increase, the Target Total Cash fees for the named Executive Officers (other than CEO) falls at approximately 50th percentage of Peer Group Target Cash Computer,

The revelation of the new executive bonus plan will take a week after the start of 5% of its total workers. The company previously said it will affect this lowest performers.

Meta also seized the annual distribution of stock options to about 10% for thousands of employees, according to a report Published Thursday during the financial period. Report noted that reduced stock options can vary based on which workers live and their company position.

Meeta parts are more than 47% last year and will be closed Thursday at $ 694.84, Investor Company’s encouragement growing on social media company selling in the digital advertising market and the potential for this artificial investment in intelligence finally generates large returns.

The company said in January this Fourth quarter income Growing up 21% of the year over the year to $ 48.39 billion.

Meta did not respond to a request for commentary.



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