Meta approves massive bonuses for executives after broad layoffs
Meta has offered up a lucrative new executive bonus plan, according to a company filing released Thursday . Under the new plan, executives could earn a yearly bonus of 200 percent of their base salary, which is up from 75 percent. This comes just after Meta announced sweeping layoffs impacting five percent of its workforce . A committee for Meta’s board of directors approved the change on February 13, on the grounds that the “target total cash compensation” for its executives “was at or below t