Meta must have heard the name… This company first took away the job of thousands of people in the name of cost cutting, while now Meta has announced to distribute bonus to senior officers up to 200 percent. This information is given in SEC filing, the executive officer working in the meta is being given a bonus to focus on the company's priorities and to reward them for the company's results and achievements.
Under this plan of Meta, the company is preparing to give 200 percent bonus on base salary. It is worth noting here that Mark Zuckerberg, CEO of Meta Company, will not get the benefit of 200 percent bonus. Remind that earlier 75 percent bonus was given, but now it has been directly increased to 200 percent.
The committee of Board of Directors of Meta Company has approved this on 13 February. Before approved, it was noted that the target total cash company getting the senior executive working in the company was less than 15 percent of those working in the rest of the companies.
Meta had said to reduce 5 percent of the workforce some time ago and now the company has taken a big decision to give 200 percent bonus. Not only this, the company has also reduced the annual stock distribution provided to the employees by 10 percent.
The jobs of thousands of employees have been eaten in the name of reducing spending, but the company's earnings are increasing. Remind that in 2024, the shares of the Meta Company jumped up to 47 percent. In January last month, the company described its fourth quarter earnings at $ 48.39 billion and this figure reflects 21 per cent growth on an annual basis. Despite the increase of 21 percent, the employees are being taken out.
