Meta Confirms It Is Doubling Executives Bonuses to 'Motivate' and 'Reward Them' a Week After Layoffs

Meta is giving its apical executives bigger bonuses than ever arsenic it tries to enactment competitory pinch different tech giants.

On Thursday, Meta wrote successful a Securities and Exchange Commission filing that it had "approved an increase" successful the target prize percent for its executive officers. The target has much than doubled, from 75% of their guidelines salaries arsenic a prize successful 2023 and 2024, to 200% successful 2025.

Related: 'There Are Repercussions': Meta Reminds Staff of Its Strict No-Leaks Policy — That Has Since Been Leaked to the Press

According to the filing, the prize scheme "provides adaptable rate incentives" that "motivate its executive officers to attraction connected institution priorities" and "reward them for institution results and achievements."

Last week, meanwhile, Meta laid disconnected 5% of its 72,000-person workforce (about 3,600 employees) via email. Zuckerberg said the cuts were aimed astatine "low performers," though workers are challenging that notion. According to Business Insider, Meta is presently expanding its hiring efforts for machine-learning engineers.

In approving the prize increase, Meta said it considered really the payouts compared to others successful the space, including Amazon, Microsoft, and Apple. Per the filing, the institution recovered that the bonuses it paid retired successful 2024 were "at aliases beneath the 15th percentile" of bonuses received by executives successful akin roles astatine adjacent companies. After the target prize percent increases to 200% this year, Meta will beryllium "at astir the 50th percentile," a much balanced midway constituent pinch its peers.

The summation applies to Meta's Chief Financial Officer Susan Li; Chief Product Officer Christopher K. Cox; Chief Operating Officer Javier Olivan; and Chief Technology Officer Andrew Bosworth. Each made astir $1 cardinal successful bonuses successful 2023, according to an April 2024 SEC filing.

Any alteration successful bonuses does not use to Meta's main executive Mark Zuckerberg, who earns a guidelines net of $1 and does not participate successful prize aliases equity compensation. Zuckerberg received $24.4 million successful "other compensation" successful 2023, for costs for illustration information and individual usage of backstage aircraft.

The caller prize percent besides arrives arsenic Meta cuts its yearly distribution of banal options by 10% for thousands of workers, according to a Thursday Financial Times report.

The median salary astatine Meta was $379,000 successful 2023, according to an SEC filing.

Mark Zuckerberg is the No. 2 richest personification successful the world pinch $245 billion, per Bloomberg.