Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is reportedly increasing executive bonuses, with top leaders now eligible for up to 200% of their base salary, up from 75%.
According to reports from the US, the move, approved by the board on February 13, follows a review showing Meta’s executive pay lagged behind industry peers. CEO Mark Zuckerberg is not included in the change.
The news comes just a week after Meta began laying off 5% of its workforce and reducing stock option grants by about 10% for thousands of employees.
Meta’s stock has surged 47% in the past year, fuelled by strong ad revenue and optimism over its AI investments. The company posted $48.39 billion in fourth-quarter revenue, a 21% increase year over year.