Did Security Of Meta Chief Done At The Cost Of Termination Of Their Hardworking Employees?

Meta CEO Mark Zuckerberg is one of the world’s most influential people. And it’s no secret that Zuckerberg needs a robust security staff to keep him safe from potential threats. But unfortunately, there are various ways to attack than a physical attack, and cyber warfare might be one. That is because Zuckerberg controls the world’s largest social media platforms, and many individuals can breach his privacy against his desires just out of curiosity.

Total spending by Meta on Mark Zuckerberg.

• 27.1 million in 2021.
• Close to $25 million in 2020.
• $23 million in 2019.
• His pay for 2022 has not yet been made public.

Amount spent on private jets.

• 2.3 million in 2022.
• 1.6 million in 2021.
• 1.8 million in 2020.
• 2.9 million in 2019.

Why so much spending on Meta Chief?

One of the primary reasons Meta spends so much money on Zuckerberg‘s security is that he is intimately linked with the brand. According to the company’s papers, “the compensation, nominating, and governance committee evaluates these security programmes at least annually, including a review of professional security assessments of safety threats and recommendations for the security programmes.” Since the launch of Mr Zuckerberg’s comprehensive security programme, each evaluation has highlighted unique vulnerabilities of Mr Zuckerberg due to the high-profile nature of being the company’s founder, CEO, Chairman, and controlling shareholder. 

Mr Zuckerberg’s position, according to the corporation, puts him in a unique position because he is synonymous with Meta, and as a result, a bad attitude against the company is immediately connected with and frequently passed to Mr Zuckerberg. Moreover, Mr Zuckerberg is one of the most well-known executives in the world, thanks in large part to the scale of the user base and the ongoing exposure to global media, legislative, and regulatory scrutiny.

Are these spendings come at the cost of employment of Meta employees?

However, the security payment comes at a point when Meta and Zuckerberg have attempted to rein down expenditure elsewhere, notably through large-scale employment cutbacks late last year. In response to declining advertising income, pricey bets on the Metaverse, and heightened investor scrutiny, Zuckerberg revealed the “Year of Efficiency” designation earlier in February during Meta’s most recent earnings call. As part of that strategy, Meta intends to “flatten” its organisational structure by eliminating middle management and increasing the efficiency with techniques such as artificial intelligence. In its most recent cost-cutting measure, the firm announced the discontinuation of Instagram’s ‘Live Shopping’ function.

He also stated that the Meta would encourage more proactive approaches about cutting projects that aren’t performing, but ruled out any cuts to the company’s virtual reality space, the Metaverse. This is even though the fact that the division in charge of the project reduced the company’s overall operating profit by $13.72 billion in 2022.

Meta, which was originally worth $1 trillion, has lost 70% of its value by 2022. The firm announced its first-ever revenue decline in July.

Disclosure.

Earlier in February, it was reported that 4 million USD had increased Chief Executive and Co-Founder Mark Zuckerberg’s security allowance to 14 million. Meanwhile, Meta has stated that it may launch further layoffs, as Zuckerberg has tightened the noose with a warning to management to “code and contribute or else leave.” Meta, among other things, is restricting free foods and snacks. Meanwhile, former employees are still looking for work.

The deadly pandemic is giving no signs of ending, and soon, we got entangled in the waves of mass layoffs. No one knows today that tomorrow they will be part of the present company or will be applying for a new job. Though Meta justified the number of funds spent on Zuckerberg’s security as an essential component of his safety, it directs an invisible signal that those funds could be managed and used in such a way that it helps not only the founder but also his team.