Meta offers a profitable new execution bonus program, . Under the new plan, executives can receive a bonus of 200% of their base salary each year, which is 75% of the bonus. This comes after Meta announced a large number of layoffs .
The META Board Committee approved the change on February 13, citing its executives’ “target total cash compensation” as “target is or is below 15% of the target, accounting for the total of executives’ chief executives in similar positions in competitors. The 15th percentage point of cash compensation” company. It is worth noting that the new bonus plan does not apply to CEO Mark Zuckerberg. But don’t worry about his bottom line, because he is worth nearly $250 billion.
Meta has also decided to reduce its annual stock option allocation by about tens of thousands of regular employees, about ten percent . The exact reduction may vary depending on where the employee lives and job, but Mon did not comment further on the decision.
As mentioned earlier, Meta is accounting for 5% of its global workforce. Although the company’s share price has increased by nearly 50% over the past year, the current share price is about $687 per share. Additionally, it recently announced that its fourth-quarter revenue rose 21% year-on-year to more than $48 billion. The company has In the past few years.
“A leaner organization will execute its highest priority faster. People will be more productive and their work will be more fun and fulfilling,” Zuckerberg said at the end of last year. , Nothing is like watching your colleague get fired, nothing is like watching your colleague get fired.
If you are a current or former META employee with ideas about this new execution bonus structure, send a signal at Lawrencebonk.96. I will make sure the situation remains anonymous.
