Nigeria, Feb. 23 -- Just days after cutting 5% of its workforce, Meta has approved a 200% increase in executive bonuses, raising eyebrows across the industry.

According to a filing with the U.S. Securities and Exchange Commission (SEC), Meta's Board of Directors approved the bonus hike under the company's annual executive bonus plan, managed by the Compensation, Nominating, and Governance Committee (CNGC).

The filing, signed by Katherine R. Kelly, Meta's Vice President and Corporate Secretary, stated that the bonus plan is designed to motivate executives and reward company performance through annual variable cash incentives.

Why the Bonus Hike?

On February 13, 2025, the CNGC approved raising the target bonus percentage for top executi...