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Zuckerberg tightens security after firing 11,000 people

Security costs for Facebook chief Mark Zuckerberg will rise this year despite huge layoffs that have just hit Meta Platforms, the parent company of Facebook and Instagram he runs.

A regulatory filing this week showed that a pretax bonus for personal security for Zuckerberg and his family has risen to $14 million after hovering around $10 million in recent years, Bloomberg reported . Zuckerberg’s security expenses typically rise to more than $20 million once additional costs, such as the use of a private jet, are included, according to a previous filing.

In a press release, Meta said that in 2023 it would focus on becoming a stronger and more agile organization.

Other tech giants have also recently laid off thousands of employees. Amazon cut more than 18,000 jobs last month, and at least half of Twitter’s workforce of more than 7,000 people was laid off or resigned after new CEO Elon Musk took over, as reported by the Los Angeles Times.

READ MORE: Billionaires gone wild: Musk, Zuckerberg cut jobs, roll the dice on future Bay Area tech icons

The recent filing noted that Zuckerberg’s annual salary is $1, with no additional compensation, Bloomberg reported.

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