Meta Boosts Executive Bonuses as Layoffs Cause Stir

Meta Platforms has approved a significant increase in executive bonuses amidst a wave of layoffs. The bonus plan raises the target bonus percentage for top executives from 75% to 200% of their base salary, excluding CEO Mark Zuckerberg. This decision follows the company's layoff of 5% of its workforce, which was attributed to the performance of 'low-performing' employees, despite some workers disputing this characterization. The bonus increase aims to align Meta's executive compensation with industry peers, moving from the 15th to the 50th percentile. These changes coincide with Meta's strong financial performance, including a 21% revenue increase in the fourth quarter of 2024. Despite criticism over the timing of these bonuses, Meta's stock has surged, reflecting investor confidence in its digital advertising and AI advancements.