Meta has approved a major increase in executive bonuses amid strong Q4 earnings and a recent layoff of so-called “low performers.”
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00:00Meta has approved an increase in executive bonuses of up to 200% of their salaries,
00:04and this plan comes just one week after CEO Mark Zuckerberg laid off around 3,600 employees due
00:10to low performance. Meta said in a filing that the bonus increase was meant to motivate its
00:15executive officers to focus on company priorities and to reward them for company results and
00:20achievements. The company reported strong results in its Q4 2024 earnings, increasing its revenue
00:25to $48.4 billion. And while Zuckerberg is not included in the bonus plan,
00:30he has called 2025 a really big year for the company.