Facebook to support employees and small businesses deal with coronavirus pandemic
Mark Zuckerberg, the Chief Executive Officer of Facebook, announced to reward its employees with a $1,000 bonus to support them during the coronavirus pandemic. They are also considering giving them additional time off for taking due care of their families. The social media giant has a gamut of approximately forty-five thousand full-time employees.
Facebook also has thousands of ‘Work from Home’ contract workers. Though it is not yet clear whether these contract workers will get the bonus, they will definitely be paid even if they fail to deliver work under the prevailing scenario.
Sheryl Sandberg, Facebook Chief Operating Officer, announced their support to thirty thousand small businesses amid the pandemic by investing over $100 million.
She said that "Small businesses are the heartbeat of our communities, and many of the people who run these businesses are heavily affected by the crisis -- especially as more and more people sensibly stay home”.
Facebook will do what it can to support its employees as well as small business to deal with the impact of this pandemic. In the weeks ahead, Facebook will start with the process for receiving applications for the grants.
The Coronavirus outbreak has already reportedly infected over two lakh people globally. And, Facebook shares are also hit by more than 28% price drop.
Has COVID-19 forever changed the way we live and work?
Bajaj Allianz Life ropes in Santanu Banerjee as CHRO
Over 70 Percent MSMEs look at cutting jobs to sustain businesses
Snapdeal onboards counselling experts to help employees
93 Per Cent employees stressed about returning to office post-lockdown
Johnson & Johnson India announces family benefits for same gender partners
Indian firms turning friendly towards working mothers
Welspun India names Rajendra Mehta as new CHRO
COVID-19 impact: 61 Per cent Indians suffering from mental health issues during lockdown
93 Percent employees stressed about returning to office post-lockdown
Wipro partners with NASSCOM to launch Future Skills platform
Human Capital is niche media organisation for HR and Corporate. Our aim is to create an outstanding user experience for all our clients, readers, employers and employees through inspiring, industry-leading content pieces in the form of case studies, analysis, expert reports, authored articles and blogs. We cover topics such as talent acquisition, learning and development, diversity and inclusion, leadership, compensation, recruitment and many more.Subscribe Now