Reports indicate that some of the largest tech firms are paying millions of dollars each year to safeguard the CEOs of their companies, with some companies paying more than others depending on the industry.
There has been a significant increase in the costs relating to security for top executives, including the cost of monitoring at home, personal security, bodyguards, and consulting services, according to a Fortune report.
There was a lot of emphasis placed on securing high-profile CEOs, considering the risks they could incur, according to Bill Herzog, CEO of LionHeart Security Services. Even though it has been two months since Meta cut thousands of jobs on its technical teams, its employees are still feeling the consequences.
The Facebook core app is supported by employees in many ways, from groups to messaging, and employees who have spent weeks redistributing responsibilities left behind by their departed colleagues, according to four current and former employees who were asked to remain anonymous to speak about internal issues.
Many remaining employees are likely adjusting to new management, learning completely new roles, and – in some cases – just trying to get their heads around what is happening.
The cost of security services offered by LionHeart Security Services is $60 per hour or more, which could represent an annual budget of over $1 million for two guards working full-time.&nb
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