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March 17, 2020 04:05 pm

Facebook To Give $1,000 Bonuses To Each of Its Employees To Deal With Coronavirus Fallout

Facebook on Tuesday told employees that it would give each of them $1,000 bonuses in an effort to support its workforce working remotely as they wait out the coronavirus pandemic. From a report: Facebook employs nearly 45,000 full-time workers, according to a January financial filing, but it also employs several thousands more contract workers. It is unclear if those contractors will also receive a bonus. Facebook isn't the only tech company providing cash bonuses to workers. Workday announced Monday it would pay cash bonuses worth two weeks of pay to its employees. Facebook on Tuesday also announced a $100 million program to help small businesses impacted by COVID-19. The program will provide up to 30,000 eligible small business with "cash grants and ad credits to help during this challenging time."

Read more of this story at Slashdot.


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