Layoffs for some, 200% bonuses for others: Meta executives get a sweet bonus deal from Mark Zuckerberg; here are more details
Meta employees have been undergoing major layoffs in recent days, there are some who are reaping benefits of some massive bonuses and hikes in recent days, which is being welcomed profusely. The Mark Zuckerberg-led company is currently offering some lucrative bonuses to selected employees, while others are facing the axe and getting axed for various reasons.
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Meta bonuses catching the eye?
For starters, it was earlier announced by Meta that mid-level engineers could be laid off anytime soon as the company was planning most of its work to get completed through AI. This was raising some serious concerns about the work structure and Meta and how things could roll ahead in the future.
Meta has finally approved a rather lucrative plan that allows executives to earn a bonus of up to 200% of their base pay, according to a Business Insider report, which comes at a time when the company is planning on laying off at least 4,000 of its employees based on their plans for the future.
The bonuses will reportedly be based on contributions towards company results and achievements, and these incentives will only be able to motivate employees to achieve better results in time to come.
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