Meta approves plan for bigger executive bonuses following 5% layoffs
Meta CEO Mark Zuckerberg appears at the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. Executives at Meta stand to get bigger bonuses this year. The company said in a corporate filing Thursday that it had approved "an increase in the target bonus percentage" for its annual bonus plan for executives. Meta's named executive officers could earn a bonus of 200% of their base salary under the new plan, up from the 75% they earned previously, according to the filing. The updated b