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Facebook Is Giving $1000 Bonus To Its 45,000 Full-Time Employees

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Facebook plans to give all its employees a $1000 bonus to help them through the coronavirus pandemic. CEO, Mark Zuckerberg made the move known to employees via an internal memo.

 

The bonus is to help its employees who are working remotely to set up home offices, child care payments, and other additional expenses.

 

Facebook will also give it’s nearly 45,000 employees an “exceeds” rating when appraising them for the first 6 months of 2020. This simply means its employees may even be eligible for more bonuses this year.

 

Full-time employees have also had to take over some of the work done by Facebook contractors so the contractors can stay at home. The contractors will still receive pay from Facebook while they remain at home according to The Information.

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Facebook $1000 bonus
Some Facebook Employees and CEO, Mark Zuckerberg     Photo: Business Insider

Contractors to be exempted from facebook’s the bonus

Facebook says the contractors will be exempted from the $1000 bonus according to The Intercept.

 

“The $1k is for full-time employees who are working from home. For contract workers, we are sending them home and paying them in full even if they are unable to work — which as you can imagine is much more meaningful than a one-off payment,” a Facebook spokesperson told The Intercept.

 

Facebook also announced a $100 million in cash grants and ad credits to small businesses via a blog post. The grant is to help them stay afloat during the pandemic. About 30,000 small businesses around the world will be eligible for this grant and ad credits according to the company.

 

Speaking on Bloomberg TV, Sheryl Sandberg, Facebook’s chief operating officer, said:

 

“These are unprecedented times, and these are scary times, and of course it’s not going to be business as usual. At Facebook, we’re really focused not just on ourselves, but on the small businesses that use our platform, because this could be devastating.”

 

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