Meta approves plan for bigger executives bonuses following 5% layoffs
1. Executive bonus target raised to 200% base salary. Zuckerberg excluded from bonus plan. 2. Bonus increase moves pay from 15th to 50th percentile. Peer adjustments noted. 3. Meta initiated 5% layoffs impacting lower performers. Cost-cutting measures implemented. 4. Annual stock options reduced by 10% for many employees. Adjustments vary by region.