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Meta is giving its high leaders greater rewards than ever while trying to stay competitive with other technology giants.
On Thursday, Meta wrote in a commission of insurance and exchanges OVERVIEW that she had “approved an increase” in the percentage of the target bonus for her executive officials. The goal has doubled, from 75% of their basic salaries as a bonus in 2023 and 2024, at 200% in 2025.
According to the submission, the bonus plan “provides variable cash incentives” that “motivate its executive officials to focus on the advantages of the company” and “to reward them for the results and achievements of the company”.
Last week, meanwhile, Meta ceased 5% of it 72,000 persons Work Power (about 3,600 employees) through e -mail. Zuckerberg said the cuts were meant “Low“Although workers are challenging this notion. According to Business Insider, Meta is currently increasing his efforts to get to work machinery learning engineers.
In the approval of bonus growth, Meta said he considered how payment compared to others in space, including Amazon, Microsoft and Apple. According to the submission, the company revealed that the rewards she paid in 2024 were “in or under the 15th percentage” of rewards received from leaders in similar roles in colleagues' companies. After the percentage of the target bonus increased to 200% this year, Meta will be “approximately the 50th percentage”, a more balanced midnight point with its peers.
Growth applies to Meta's main financial officer Susan Li; Main Product Officer Christopher K. COX; Main Operating Officer Javier Olivan; and the main technology official Andrew Bosworth. Each made about $ 1 million rewards in 2023, according to April 2024 SEC for SEC Display.
Any changes in rewards does not apply to the chief executive of Meta Zuckerberg, who Earns a base salary of $ 1 and does not participate in bonus or net capital compensation. Got zuckerberg $ 24.4 million In “Other Compensation” in 2023, for costs such as security and personal use of private aircraft.
The new percentage of the bonus also reaches as Meta shortens its annual distribution of shares options by 10% per thousands of employees, according to one Thursday Financial time Report.
The average payment in meta was $ 379,000 in 2023According to a SEC registration.
Mark Zuckerberg is the richest number 2 person in the world with $ 245 billion, for Bloomberg.