Meta lays off 3,600 workers—Then hands execs up to 200% in bonuses

Meta has increased executive bonuses to 200% of their base salary while laying off 3,600 employees, citing “low performance.” The decision, justified as an alignment with industry standards, has triggered backlash online. Many accuse Meta of prioritising top executives over workers. Former employees claim layoffs were more about cost-cutting than performance. While some acknowledge the pay hike as standard practice, the timing has raised serious ethical concerns about Meta’s treatment of its workforce.

from Tech-Economic Times https://ift.tt/WfnUgP4