Meta has approved a plan that could allow executives to earn a bonus of up to 200% of their base pay, despite announcing plans to reduce its workforce by about 4,000 employees this month.
The bonus plan, designed to “motivate its executive officers to focus on company priorities and to reward them for company results and achievements,” would increase the bonus package from 75% to 200% of base pay.
However, this boost would not apply to Meta CEO Mark Zuckerberg, whose compensation is structured differently, focusing more on stock options.
The approval of this plan comes amidst another round of job cuts at Meta, with the company aiming to eliminate about 5% of its workforce.
Zuckerberg stated that the cuts are meant to target “low-performers” as the company looks to streamline its operations and invest heavily in artificial intelligence.
