Amid Layoffs, Meta Spent Over $27 Million On Mark Zuckerberg’s Security, Private Jet Flights: Report


Mr Zuckerberg’s high-flying funds follows studies of Meta’s new spherical of job cuts.

Meta, the father or mother firm of Fb, Instagram and Whatsapp, paid CEO Mark Zuckerberg almost $2.3 million in 2022 for his private non-public jet journey. Within the firm’s 2023 SEC filings, Meta stated that Mr Zuckerberg, whose annual base wage is $1, was paid $27.1 million in so-called “all different compensation”, together with $14.8 million for what the agency referred to as “prices associated to private safety” at his houses and through his travels. 

In its submitting, Meta said that it had “recognized particular threats to Mr Zuckerberg on account of the high-profile nature of being our founder, CEO, Chair and controlling shareholder”. “We imagine that Mr. Zuckerberg’s position places him in a novel place: he’s synonymous with Meta and, because of this, unfavourable sentiment relating to our firm is straight related to, and infrequently transferred to, Mr. Zuckerberg,” it added. 

In response to the New York Publish, Mr Zuckerberg’s non-public jet tab was $700,000 greater than the $1.6 million Meta paid out in 2021 and the roughly $1.8 million in 2020. 

Chatting with the outlet, a Meta spokesperson defined, “Sustaining Mark’s security whereas enabling him to go about his life with minimal disruption requires complete and complicated assets. Given the vital position Mark performs at Meta, we have now safety measures in place for him which can be in the perfect curiosity of the corporate”. 

Additionally Learn | Scholar Who By no means Attended Courses Claims To Have Scored 94% In Examination With ChatGPT’s Assist

In the meantime, Mr Zuckerberg’s high-flying funds follows studies of Meta’s new spherical of job cuts. On Wednesday, the corporate carried out one other spherical of layoffs, this time hitting engineers and adjoining tech groups. 

Notably, in March, Meta grew to become the primary Huge Tech firm to announce a second spherical of mass layoffs, which it stated would happen in three essential batches over a number of months and affect 10,000 workers. 

Meta’s first spherical of layoffs within the fall hit greater than 11,000 workers, or 13% of its workforce on the time, and preceded different main tech firms shedding hundreds of workers after a pandemic-led increase in digital promoting and cloud computing.

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