Meta boosts executive bonuses to 200% after recent layoffs of 3,600 employees

Meta plans to increase bonuses for its top executives to 200% of their base salary, up from 75%. This change comes just a week after the company laid off 3,600 employees, citing low performance. The decision follows a review of compensation compared to rival companies. Meta's board noted that the previous bonus structure placed its executives below the market average. The new bonuses aim to align their compensation with industry standards. Reactions on social media have been critical, with users expressing anger over the disparity between executive pay and employee layoffs. Former employees have described the layoffs as driven more by financial motives than actual performance issues.