Staring at capital expenditures of as high as $130 billion, Mark Zuckerberg’s Meta cuts employee stock awards for a second year in a row

Meta has reportedly reduced the equity-based awards for most of its employees for the second consecutive year, as CEO Mark Zuckerberg channels unprecedented resources into artificial intelligence and data center expansion. According to a report by Financial Times, people familiar with the matter revealed that Meta trimmed its annual distribution of stock options by about 5% for the bulk of staff, affecting tens of thousands of employees. This is followed by a 10% cut last year, which shocked many employees inside the company. Equity refreshers a vital part of Meta’s compensation package alongside base salaries and bonuses are now being scaled back as the company reallocates funds.

AI spending spree