Meta Cuts Back on Employee Stock Options Despite Record Highs
Meta Platforms (META) has reduced its annual distribution of stock options by approximately 10% for tens of thousands of employees, as reported by the Financial Times. Employees receive yearly equity refreshers that constitute a significant portion of their compensation.
The reduction varies based on geographic location and position within the company. Meta has not yet responded to requests for comment.
Meta's stock has been on an upward trend since January 17th. CEO Mark Zuckerberg has stated plans to invest heavily in AI infrastructure, contributing to the gains.
Despite record highs, Meta faces potential challenges. It recently announced plans to lay off 5% of its "lowest performers" and hire for impacted roles. Zuckerberg has also warned of additional job cuts to enhance performance management.
Revenue surpassed Wall Street expectations in Q4, but Meta anticipates first-quarter sales below estimates, indicating mixed results for its AI investments.