Mark Zuckerberg, CEO of Meta, will be released on September 25, 2024 at the Meta Connect event in Menlo Park, California.
David Paul Morris | Bloomberg | Getty pictures
Managers at Meta Stand to get bigger bonuses this year.
In a company application on Thursday, the company said that “an increase in the target bonus percentage” had approved for its annual bonus plan for managers. The named manager of Meta could earn a bonus of 200% of their basic content as part of the new plan, compared to the 75% that they earned before, according to the submission.
The updated bonus plan does not apply to the Meta -CEO Mark Zuckerberg, the submission.
A committee for directors from Meta approved the change on February 13, after he had found.
“After this increase, the total cost remuneration of cash for the named leaders (except the CEO) falls on the approximately 50th percentile of the Peer Group goal equalization,” says the submission.
The new executive bonus plan is disclosed one week after Meta started rejection of 5% of its total workforce. The company had previously said that this would affect the lowest actors.
According to a report that was published by the Financial Times on Thursday, Meta was also reduced by around 10% for thousands of employees by the annual distribution of stock options. The report found that the reduction in stocks on the basis of the workers' apartment and their position in the company could differ.
The meta shares rose by over 47% last year and closed on Thursday at 694.84 US dollars, which was enthusiastic about the growing turnover of the social media company on the digital advertising market and the potential for its Ki investments, finally to achieve large returns, underlines.
The company announced in January that sales of the fourth quarter rose by 21% to $ 48.39 billion compared to the previous year.
Meta did not respond to a request for comments.
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