Meta Platforms CEO Mark Zuckerberg is increasing spending on his own security to $14 million, despite a pledge to make 2023 a “year of efficiency.”
The decision comes just after 11.000 jobs, or 13 percent of the workforce, were eliminated late last year and future spending plans for projects were cut at the social media company.
Zuckerberg told investors in February that Meta, the parent company of Facebook and Instagram, would reduce spending and increase efficiency, after a year of disappointing results last year.
However, the social networking platform will increase its pretax spending on Zuckerberg’s personal security by 40 percent, from $10 million to $14 million, in 2023, according to a regulatory filing with the Securities and Exchange Commission regulatory, released on Feb. 15….