Mr Zuckerberg’s high-flying budget follows reports of a new round of job cuts from Meta.
Meta, the parent company of Facebook, Instagram and WhatsApp, paid CEO Mark Zuckerberg about $2.3 million in 2022 for his own private jet travel. In the company’s 2023 SEC filing, Meta said Mr. Zuckerberg, who has an annual base salary of $1, was paid $27.1 million in so-called “all other compensation,” including $14.8 million that the firm called ” costs related to personal security”. His house and during his travels.
In its Admission, Meta said it had “identified specific threats to Mr. Zuckerberg as a result of the high-profile nature of being our founder, CEO, chairman and controlling shareholder”. “We believe that Mr. Zuckerberg’s role places him in a unique position: He is synonymous with meta and as a result, negative sentiment about our company is directly associated with, and often transferred to, Mr. Zuckerberg,” This couple.
According to new york postMr. Zuckerberg’s private jet tab was $700,000 more than $1.6 million in meta payments in 2021 and roughly $1.8 million in 2020.
Speaking to the outlet, a META spokesperson explained, “Maintaining The Mark’s safety as well as continuing his life with minimal disruption requires extensive and sophisticated resources.” Given, we have safeguards in place for them which are: in the best interest of the Company”.
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Meanwhile, Mr Zuckerberg’s high-flying budget follows reports Meta’s new round of job cuts, On Wednesday, the company made another round of layoffs, this time affecting engineers and adjacent technical teams.
Notably, in March, Meta became the first big tech company to announce a second round of mass layoffs, which it said would take place in three main batches over several months and affect 10,000 employees.
Meta’s first round of layoffs in the fall affected more than 11,000 workers, or 13% of its workforce at the time, and other major tech companies shed thousands of workers after the pandemic-led boom in digital advertising and cloud computing .