Meta cuts stock awards by 5% for most employees to fund AI goals: Report
Entertainment
Meta has slashed equity-based awards for the bulk of its employees for the second year in a row, the Financial Times reported. 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 (Feb 19). The Facebook parent did not immediately respond to a request for comment. Reuters could not independently verify the report. Meta,
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