- The coronavirus is still spreading and many tech companies are taking decisive action to assist employees and help stop the virus from spreading.
- Every Facebook employee will receive $1,000 cash from the company, which comes out to about $45 million in payouts.
- Facebook is also setting up a $100 million fund to assist small business owners hit particularly hard by the coronavirus fallout.
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As part of a broader effort to alleviate the financial fallout from coronavirus-related quarantines and lockdowns, Facebook is giving every employee $1,000 in cash according to a new report from The Information.
Facebook CEO Mark Zuckerberg reportedly alerted Facebook employees to the new initiative via an internal memo sent out earlier today. As of now, there’s no indication as to when the funds will be distributed but it’s certainly an encouraging move from the social networking giant.
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Facebook pledges to give every employee $1,000 due to coronavirus originally appeared on BGR.com on Tue, 17 Mar 2020 at 17:33:00 EDT. Please see our terms for use of feeds.
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