Social media giant Facebook will be paying a $1,000 bonus to all employees to help them during the coronavirus outbreak.
According to The Information, Facebook CEO Mark Zuckerberg made the announcement early Tuesday in an internal company notice. He said that the company wants to support employees working remotely because of the pandemic.
As at December 2019, the company had about 45,000 employees. the company also said it would give all employees an “exceeds” rating for their first six-month review of 2020. That means all full-time employees also could earn significant bonuses for the period, the people said. In 2019, the median compensation for Facebook employees was $228,651.
Facebook also said that it is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where it operates.
According to the company in a blog post, “We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that a little financial support can go a long way, so we are offering $100M in cash grants and ad credits to help during this challenging time.”
