(National Times Bureau), February 24, 2025: Meta is under fire after announcing higher bonuses for executives while simultaneously laying off 3,600 employees. In a corporate filing on February 20, the tech giant revealed it had approved an increase in the target bonus percentage for its top executives.
Double the Bonus for Executives
Previously, Meta’s executive officers had a target bonus of 75% of their base salary. Under the new plan, they can now receive up to 200% of their salary, as reported by CNBC. Meta CEO Mark Zuckerberg is not included in this new bonus structure.
Layoffs Despite Growth
The announcement comes just a week after Meta began terminating 5% of its workforce, claiming the layoffs were targeted at low-performing employees. However, Zuckerberg stated that some of the axed positions will be refilled.
Ironically, the decision follows Meta’s strong financial performance, with the company reporting a 21% year-over-year revenue increase in Q4, bringing in $48.39 billion.
Meta Expanding in India
Meanwhile, Meta is expanding its presence in India with a new Enterprise Engineering campus in Bengaluru. According to TechCrunch, the company is hiring for 41 positions, primarily in software development and machine learning. Some of these roles involve designing data center chips.
Meta already operates in Bengaluru, Hyderabad, Gurugram, New Delhi, and Mumbai. The new center is expected to boost its internal tool development.
Public Backlash
The contrast between layoffs and executive bonuses has sparked criticism. While thousands lose jobs, top executives stand to gain bigger paychecks, fueling debates over corporate priorities at Meta.
