Meta has significantly increased bonuses for its executives by 75% to 200% while reducing stock grants for other employees by roughly 10%. This decision comes as the tech industry faces layoffs, with Meta CEO Mark Zuckerberg announcing plans to cut 3,600 jobs. The move aims to align executive compensation with industry standards.
from International-News-Economic Times https://ift.tt/yvXNgcn
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Meta tightens the belt as executive bonuses rise by 200% while employee stock grants shrink by 10%, claim reports
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