Facebook to pay workers $1000 bonus for expenses help

  • Facebook to pay workers $1000 bonus for expenses help

Facebook to pay workers $1000 bonus for expenses help

On Wednesday, The Information reported that Facebook will be giving all their employees - which totals about 45,000 full-time workers - a $1,000 bonus to help ease any financial struggles they could be facing as a result of the COVID-19 outbreak.

In an internal memo issued on Tuesday, March 17, by Facebook CEO Mark Zuckerberg, the bonus will only be available to full-time employees and not contractors. In the call covered by the BBC, Zuckerberg said that Facebook full-time employees will take over decisions about sensitive topics, including self-harm and suicide, in part to reduce the mental health impact of viewing such content on contractors, and added he was "personally quite anxious that the isolation from people being at home could potentially lead to more depression or mental health issues, and I want to make sure that we are ahead of that supporting our community".

Every one of the company's almost 45,000 employees will reportedly also get an "exceeds" rating for their first six-month review of 2020, which could lead to larger bonuses, since the median compensation for a Facebook employee is $228,651.

The money is meant to help the employees to set up their home offices and cater for their childcare as they work from the comfort of their homes.

Facebook has an estimated 15,000 content moderators, working through third-party contractors.

Facebook hasn't returned a request for comment about the moves.

Contract employees won't be eligible for the payment.

Facebook's headquarters in Menlo Park, California is in one of the seven Golden State counties that have ordered residents to stay at home except for essential reasons.

Facebook also plans to give $100 million in cash grants and ad credits to small businesses grappling with the coronavirus pandemic, the company announced.

Facebook has already asked its Seattle and Bay Area employees to work from home.