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Facebook is giving $1,000 to all of its 45,000 employees
March 17, 2020 at 23:26
Facebook CEO Mark Zuckerberg reportedly made the announcement in an internal memo on Tuesday.
San Francisco (CNN Business) - Facebook is giving each of its employees a $1,000 bonus to help support them during the coronavirus outbreak.
The bonus is meant to help employees who are working remotely with additional expenses, such as setting up home offices or spending on childcare, the company told CNN Business.The news was first reported by The Information, citing an internal memo sent by Facebook CEO Mark Zuckerberg on Tuesday.
Facebook has around 45,000 employees worldwide. The $1,000 bonus will only be available to full-time employees and not contractors, according to a source familiar with the matter. The company said earlier this month that it would continue to pay hourly workers, such as janitors and cafeteria workers, their regular wages despite reduced working hours.
Aside from the bonus to its employees, Facebook COO Sheryl Sandberg said the company will spend an additional $100 million to support small businesses across 30 countries who have been impacted by the coronavirus. Businesses can apply to receive some portion of that money through cash grants or ad credits, the company said.
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