Goal approves a plan for larger executive bonds after 5% layoffs

Executives in Goal Standing to obtain larger bonuses this year.

The company said in a company presentation On Thursday that he had approved “an increase in the percentage of objective bonus” for his annual bonus plan for executives. Meta appointed executive officials could win a 200% bonus of their base salary under the new plan, above 75% they earned previously, according to the presentation.

The updated bonus plan does not apply to Meta Mark Zuckerberg CEO, the presentation said.

A Committee for the Meta Board of Directors approved the change on February 13. After determining that the “total compensation of total cash” for its executives “was in or below the 15th of the total compensation of total cash compensation that occupy similar positions” in the peer companies. .

“After this increase, the total total cash compensation for the appointed executive officials (which are not the CEO) falls into approximately the 50th percentile of the cash compensation of the Pares Group,” the presentation said.

The dissemination of the new Executive Bonus Plan occurs a week after Meta began to fire 5% of its general workforce. The company had previously said that this would affect its lower artists.

Goal also cut its annual distribution of actions on actions by approximately 10% for thousands of employees, according to a report Published Thursday by the Financial Times. The report indicated that the reduction of the action option may differ depending on where workers and their position live.

The target shares exceed more than 47% during the past year and closed on Thursday to $ 694.84, which underlines the enthusiasm of investors for the growth of the social media company sales in the digital advertising market and the potential for your Investments in AI for eventually generate great returns.

The company said in January that it is Fourth Quarter Revenue It grew 21% year after year to $ 48.39 billion.

Goal did not respond to a request for comments.

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