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Meta Increases Executive Bonuses Amidst Significant Layoffs

By BPN News Desk February 23, 2025
Jobs
In a move that has sparked significant controversy, Meta Platforms Inc. has announced substantial increases in executive bonuses shortly after implementing significant workforce reductions. The company laid off approximately 3,600 employees, representing about 5% of its global workforce, citing
Business Industry

Meta Initiates Layoffs Targeting 5% of Workforce

By BPN News Desk February 10, 2025
Meta Platforms, the parent company of Facebook, has commenced a series of layoffs impacting approximately 5% of its global workforce. This move aligns with CEO Mark Zuckerberg’s strategy to “raise the bar on performance management” by expediting the departure of employees not meeting performance expectations. Implementation of Layoffs The layoffs began on

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