Meta approves bonuses of up to 200% of company executives' salaries amid layoffs

Core Points - Meta has approved a bonus plan that allows executives to earn up to 200% of their base salary, increasing from the previous cap of 75% [1][5] - The bonus plan is designed to motivate executives to focus on company priorities and reward them for company results and achievements [1] - The bonus increase does not apply to CEO Mark Zuckerberg, as his compensation structure typically focuses on stock options [2] Workforce Changes - Meta is undergoing layoffs targeting 5% of its workforce, which equates to nearly 4,000 employees [2][5] - CEO Zuckerberg stated that the layoffs are aimed at "low-performers" to streamline operations and invest in artificial intelligence [3][5] - Some employees expressed surprise at being laid off despite receiving positive performance ratings in recent reviews [3][4]