Meta diminished its annual distribution of inventory choices by about 5 per cent for many of its workers, as CEO Mark Zuckerberg ploughs billions of {dollars} into its synthetic intelligence targets, the Monetary Instances reported on Thursday (Feb 19).
The Fb guardian didn’t instantly reply to a request for remark. Reuters couldn’t independently confirm the report.
Meta, which additionally owns Instagram, and different Huge Tech firms are competing to outbuild one another with large information centres to get forward in Silicon Valley’s heated AI race.
The social media firm stated in January that it anticipated capital expenditure for 2026 to be between US$115 billion and US$135 billion.
Meta has slashed equity-based awards for the majority of its workers for the second yr in a row, the report stated, citing individuals conversant in the matter.
Final yr, the corporate had minimize the inventory award by roughly 10 per cent, which shocked some workers on the time, the FT report stated.
Meta final month laid off about 10 per cent of workers inside its Actuality Labs group, which had about 15,000 staff, as the corporate redirects sources from a few of its digital actuality merchandise to wearables.
The unit – which has amassed greater than US$70 billion in losses since 2021 – consists of Meta’s bold “metaverse” wager.
Meta is constructing a number of gigawatt-scale information centres throughout the USA, together with one in rural Louisiana, a venture President Donald Trump stated would price US$50 billion.
Final month, Meta appointed Trump ally Dina Powell McCormick as president and vice chairman in a bid to drive partnerships with governments and traders for its AI initiatives.
