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Meta offering 200 percent bonuses to execs after laying off thousands
Zuckerberg not included.
On Feb. 10, Meta released an internal memo to its workforce announcing the company would begin notifying "low-performing" employees that they were being laid off, part of a sweeping 5 percent cut to teams across the U.S., Europe, and Asia that would see up to 4,000 Meta workers lose their jobs. A previously leaked memo from Zuckerberg explained the cuts were an efficiency effort ahead of what would be an "intense year" for the tech giant. Last year, amid even larger workforce cuts, Meta employees took to platforms like TikTok to fight the company's "efficiency" moves.
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