Article 68YH6 Meta to pay more for Mark Zuckerberg’s personal security amid job losses

Meta to pay more for Mark Zuckerberg’s personal security amid job losses

by
Casper Hughes
from Technology | The Guardian on (#68YH6)

Spend increases by 40% to $14m after dismissing 11,000 employees

Meta, the parent company of Facebook, has said in a filing that it is increasing its spend on the personal security of chief executive and co-founder Mark Zuckerberg by $4m (3.3m) to $14m, at a moment when the company has cut thousands of jobs in what Zuckerberg has called the year of efficiency".

Meta's board declared that the 40% increase was appropriate and necessary under the circumstances" and was in place to address safety concerns due to specific threats to his safety arising directly as a result of his position as Meta's founder, chairman, and CEO".

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