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Meta cuts stock awards by 5% for most employees to fund AI goals, FT reports
Meta cut employee stock awards by 5% for the second year, reallocating billions to AI initiatives and infrastructure with a planned $115 billion capital expenditure in 2026.
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Meta Slashes Employee Equity For Second Year As Mark Zuckerberg-Led Tech Giant Gears Up To Fund Mega $135 Billion 'Superintelligence' Infrastructure - Meta Platforms (NASDAQ:META)
Meta cuts staff equity for a 2nd year to fund a record $135B AI spend. Zuckerberg's "Superintelligence" goals are reshaping Meta's budget.
·New York, United States
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Meta cuts stock awards by 5% for most employees to fund AI goals, FT reports
Feb 19 : Meta reduced its annual distribution of stock options by about 5 per cent for most of its staff, as CEO Mark Zuckerberg ploughs billions of dollars into its artificial intelligence goals, the Financial Times reported on Thursday.The Facebook parent did not immediately respond to a request for comment
·Singapore
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