Meta approves 200% bonus increase for executives following layoffs of 3,600 employees

Meta has approved a 200% bonus increase for its executives, just a week after laying off 3,600 employees, or 5% of its workforce. The previous bonus was 75%, and this change aims to align executive pay with industry standards. The decision has drawn significant criticism due to the timing, as many view it as insensitive to the recent job cuts. Meta's board stated the increase was necessary to retain top talent and bring compensation to the industry average. While the company defends the move, former employees and social media users have expressed outrage, questioning the reasons behind the layoffs and the fairness of rewarding executives amid workforce reductions.