Meta has minimize annual inventory choice payouts by roughly 5% for many of its staff. This comes amid investments in synthetic intelligence and the development of knowledge facilities.
Meta is slicing stock-based compensation for workers for the second yr in a row, the Monetary Instances studies, writes UNN.
Particulars
Meta has minimize annual inventory choice grants by about 5% for many of its staff, Reuters quotes the article as saying, noting that this comes as CEO Mark Zuckerberg pours billions of {dollars} into the corporate's synthetic intelligence objectives.
Meta and different main tech firms are competing to construct large knowledge facilities to outpace rivals within the intense race for AI management in Silicon Valley.
In January, the corporate stated it expects capital expenditures for 2026 to be within the vary of $115 billion to $135 billion.
The article, citing sources acquainted with the scenario, states that Meta is slicing stock-based compensation for many of its staff for the second yr in a row.
Final yr, the corporate minimize stock-based compensation by about 10%, which shocked some staff on the time, the Monetary Instances reported.
Final month, Meta laid off about 10% of staff in its Actuality Labs division, which employed about 15,000 individuals, as the corporate redirects assets from a few of its digital actuality merchandise to gadgets.
This division, which has collected greater than $70 billion in losses since 2021, consists of Meta's formidable guess on the "metaverse."
Meta to energy its AI knowledge facilities with 6.6 GW of nuclear energy09.01.26, 23:15 • 3398 views
Meta is constructing a number of gigawatt-scale knowledge facilities throughout america, together with one in rural Louisiana, a undertaking that former US President Donald Trump stated would value $50 billion.
Final month, Meta appointed Trump ally Dina Powell McCormick as president and vice chair, searching for to forge partnerships with governments and traders for its synthetic intelligence initiatives.
Leave a Reply