Digital Barker
  • Home
  • Startups
    • News
    • Opportunities
  • Tech
    • Tech Support
  • Videos
No Result
View All Result
Digital Barker
  • Home
  • Startups
    • News
    • Opportunities
  • Tech
    • Tech Support
  • Videos
No Result
View All Result
Digital Barker

Meta Executives Get Huge Bonuses Despite Recent Layoffs

Omolade Oyelaja by Omolade Oyelaja
February 24, 2025
0
Meta Executives Gets Huge Bonuses Despite Recent Layoffs

Meta executives are cashing in big this year, even as the company slashes jobs and cuts employee stock options. A recent corporate filing reveals that Meta’s top brass will now receive bonuses worth 200% of their base salary which more than double the previous 75%. This boost, approved by Meta’s board of directors on February 13, 2025 excludes CEO Mark Zuckerberg.

Given the close timing to the recent wave of layoffs, the decision has sparked criticism. Just a week before the announcement, Meta laid off 5% of its workforce, cutting thousands of jobs and slashing stock option distributions by 10%, mainly targeting the company’s lowest-performing employees.

According to Meta’s board, the hefty bonus hike was necessary to stay competitive. They argued that executive pay at Meta previously fell below the 15th percentile compared to industry peers. With the new bonus structure, Meta’s executive compensation now aligns with the 50th percentile, making it more in line with similar tech giants.

How to use chatGPT to make money

ADVERTISEMENT

While employees feel the sting of layoffs and reduced benefits, Meta’s investors are celebrating. The company’s stock has surged over 47% in the past year, fueled by strong advertising sales and increased investments in AI. Meta’s Q4 revenue also went up by 21% year-over-year, hitting an impressive $48.39 billion.

This surge in stock price and revenue growth suggests that market experts remains confident in Meta’s long-term vision, even as cost-cutting measures hit its workforce hard. But for many employees, the generous executive bonuses highlight a growing divide between the boardroom and the rest of the company.

READ MORE:

Nigeria Hits 1 Million Terabytes in Internet Usage for the First Time.

Meta To Launch Undersea Cable

Google’s new AI video model Veo 2 will cost 50 cents per second

ShareTweetPin

More Stories

News

Nigerians Can Now Use Naira Debit Cards For International Transaction After 3-Year Ban

4 days ago
Microsoft Lays Off 9,000 More Employees, Bringing 2025 Total To Over 15,000
Jobs

Microsoft Lays Off 9,000 More Employees, Bringing 2025 Total To Over 15,000

7 days ago
9Mobile Ownership Dispute Deepens as Keystone Bank Joins Court Battle.
News

9Mobile Ownership Dispute Deepens as Keystone Bank Joins Court Battle.

1 week ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

Trending Stories

Flutterwave Expands to Zambia with New Payment Licence

Airtel, MTN Under Investigation for Hidden Mobile Money Charges

Accrue Raises $1.58M to Scale Cross-Border Payments Across Africa

TikTok Faces Ban in the U.S.: What Happened?

Meta Replaces Fact-Checking with Community Notes: Implications for Africa’s Misinformation Battle

New Telecom Tariffs in Nigeria: NCC to Announce Adjustments Amid Rising Costs

AI World Models: The Future of Generative Video, Robotics, and Intelligent Decision-Making

PalmPay Partners with Jumia to Revolutionize Online Shopping Payments in Nigeria.

Choosing a Career in Tech

How to Become a Tech Bro or Tech Sis

  • About
  • Advertise
  • Privacy Policy
  • Contact
  • Jobs

© 2025 Digital Barker

No Result
View All Result
  • Home
  • Startups
    • News
    • Opportunities
  • Tech
    • Tech Support
  • Videos

© 2025 Digital Barker