Facebook employees gets $1,000 bonus each | Inquirer Technology %

Good news for Facebook employees: Everyone gets a $1,000 bonus

/ 11:01 PM March 19, 2020

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Mark Zuckerberg announced that Facebook plans to give all its employees a $1,000 bonus. Image: AFP/John Edelson

Amid the onslaught of bad news resulting from the coronavirus outbreak, Facebook is giving its employees a bit of good news, as reported by The Information: the company will be giving everyone a $1,000 (over P51,000) bonus.

According to the report, Facebook CEO Mark Zuckerberg made the announcement internally on Tuesday, stating that “the company wants to support employees working remotely because of the pandemic.” All employees will be given an “exceeds” rating for their review covering the first half of 2020; this implies that “full-time employees also could earn significant bonuses for the period.”

Complementing these offers, Facebook is also working on giving its employees extra time off so that they can care for themselves and their families during this trying period.

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Again on Tuesday, the company publicly announced that they will be offering up to 30,000 eligible small businesses a share of $100 million (P5.1 billion)worth of grants to cover expenses related to operational, workforce and customer outreach costs.

The $1,000 bonuses are expected to be distributed to employees next month. CL/JB

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TOPICS: cash bonus, COVID-19, Employees, Facebook, Social Media
TAGS: cash bonus, COVID-19, Employees, Facebook, Social Media

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