Meta laid off 150 employees who worked for Mark Zuckerberg, who made $122 million last year

Meta has laid off more than 150 employees from department under CEO Mark Zuckerberg's personal supervision, according to a report from The Verge. These employees were handling things like the upkeep of Mark Zuckerberg’s homes, transportation, meals, and personal security, as well as events like his wedding and state visits for Zuckerberg.<br><br>The news confirms rumors that Zuckerberg wanted to cut expenses that the executive saw as self-indulgent. This is the second mass layoff of support staff since the pandemic.<br><br>This layoff comes as Meta has embarked on a broader executive reorganization. The company is being restructured with a more incremental pace of new product releases, a $40 billion share buyback plan and a shift away from remote work.<br><br>As part of the layoffs, the executive's longtime personal chef, Brianna Bermensolo, has also been laid off. The chef took to Instagram to announce her departure from a role that reportedly paid upwards of $300,000 per year.<br><br>The fired employees were told that they'd have to be out of their homes by the end of December and that they'd receive 12 weeks of severance pay plus a week of pay for each year that they'd worked at the company.<br><br>Laid off staff were provided a list of services that will continue as normal, including the maintenance of Zuckerberg’s cars and homes, food and household supplies, security, and travel planning.<br><br>Zuckerberg has long been criticized for the perks he enjoys as CEO of Meta, a company he co-founded. He has become one of the wealthiest people in the world and has been criticized for his outsized compensation, given that he has been CEO since the company's early days. In 2022, Zuckerberg made $25 million, while in 2023 he made more than $122 million.<br><br>Tech CEOs have a long history of living high on the hog at the expense of their companies, and Zuckerberg is certainly among the worst offenders. With these laid off employees, that list will continue to grow.<br><br>Source: CNBC