Facebook to give employees $1000 to deal with coronavirus impact

Facebook to give employees $1000 to deal with coronavirus impact
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Facebook will pay its employees a $1,000 bonus amid the coronavirus pandemic that has infected over 190,000 people around the world, the social media giant confirmed to The Hill. 

Facebook CEO Mark ZuckerbergMark Elliot ZuckerbergHillicon Valley: Trump order targets TikTok, WeChat | TikTok fires back | Chinese firms hit hard in aftermath Female lawmakers pressure Facebook to crack down on disinformation targeting women leaders Hillicon Valley: Facebook removes Trump post | TikTok gets competitor | Lawmakers raise grid safety concerns MORE announced Tuesday via internal notice that the company wants to support employees amid the pandemic. The company employs nearly 45,000 full-time employees as of the end of 2019, The Information first reported.

Zuckerberg also told employees that the company is looking into giving workers additional time off to help take care of their families, according to The Information. In addition, employees will receive an “exceeds” rating for their first six-month review of 2020, which could mean that all full-time employees earn further bonuses for that period.

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The median annual salary and payment to Facebook employees was $228,651 in 2019, according to The Information.

However, Facebook also employs several thousand contract workers. It was not immediately clear whether those employees would also receive the $1,000 bonus.

Recently, the social media site has transitioned some work moderating content on the site from contractors to full-time employees, according to the report. However, Facebook has vowed to pay contractors even if they are unable to do their work from home.

Facebook also announced Tuesday that it is investing over $100 million in grants to help 30,000 small businesses around the world amid the pandemic. Facebook Chief Operating Officer Sheryl Sandberg said in a Facebook post Tuesday, “We’ve listened to small businesses to understand how we can best help them. We’ve heard loud and clear that financial support could enable them to keep the lights on and pay people who can’t come to work.”

Facebook will begin taking applications for the grants “in the coming weeks,” according to its website.