Bay Area tech giant Meta is raising the bonuses for its CFO, CTO, COO and CPO after laying off thousands of workers.

Meta Platforms, Inc. announced the approval of a hefty increase in bonuses of its select executive officers under the new executive bonus plan, excluding Chief Executive Officer Mark Zuckerberg. The news comes close on the heels of the tech major's recent announcement of significant growth in its fourth-quarter results and positive outlook,

Meta has approved a major increase in executive bonuses amid strong Q4 earnings and a recent layoff of so-called “low performers.”