Meta approves plan for bigger executive bonuses following 5% layoffs
Publishing timestamp: 2025-02-20 23:55:28
Summary
Meta's executive officers could earn bigger bonuses under the company's new executive bonus plan, with the potential to earn up to 200% of their base salary. The plan does not apply to CEO Mark Zuckerberg. This comes after Meta began laying off 5% of its workforce and reducing stock options for employees. Meta's shares have been performing well, with growing sales in digital advertising and potential returns from artificial intelligence investments.
Sentiment: NEUTRAL
Tickers: META,
Keywords: meta platforms inc, technology, mark zuckerberg, social media, breaking news: technology, business news, mobile, internet,