CALIFORNIA: Facebook on Tuesday told employees that it would give each of them $1,000 bonuses in an effort to support its workforce working remotely as they wait out the coronavirus pandemic.
Information first reported that Facebook would offer bonuses to employees.
The announcement was made by CEO Mark Zuckerberg in an internal note to employees.
Facebook employs nearly 45,000 full-time workers, according to a January financial filing, but it also employs several thousand more contract workers.
Facebook on Tuesday also announced a $100 million program to help small businesses impacted by COVID-19. The program will provide up to 30,000 eligible small businesses with “cash grants and ad credits to help during this challenging time, CNBC reported.
The coronavirus has already had a massive impact on the company. Shares of the company are down more than 28% year-to-date as uncertainties around coronavirus drag down the markets.
On Feb. 27, Facebook canceled its F8 annual software developers conference. In early March, Facebook began telling its employees to work from home and pulled out other conferences. Earlier this month, Facebook temporarily ban ads and listings for medical face masks.
Around the world, there are more than 183,000 cases of the coronavirus with at least 7,167, according to Johns Hopkins University. In the U.S., there are at least 4,661 cases, and there have been at least 85 deaths, according to Johnson Hopkins University.
(with inputs from Agencies)
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