Meta executives are set to receive significantly larger bonuses this year, despite the company recently cutting jobs and reducing stock options for employees.
According to a corporate filing, the target bonus percentage for Meta’s executive team has increased to 200% of their base salary, up from 75% previously. This decision, approved by Meta’s board of directors on February 13, does not apply to CEO Mark Zuckerberg.
This announcement comes just a week after Meta laid off 5% of its workforce, cutting thousands of stock option distributions by 10% and targeting the company’s lowest-performing employees.
The board’s reason for the pay hike was that Meta’s executive compensation lagged behind industry peers, previously sitting below the 15th percentile. With the increase, their pay now aligns with the 50th percentile of similar companies.
Despite the layoffs and stock reductions, Meta’s stock price has surged over 47% in the past year, thanks to strong advertising sales and growing AI investments.
The company’s fourth-quarter revenue jumped 21% year-over-year, hitting $48.39 billion—a sign that investors remain bullish on Meta’s future, even as employee cuts continue.