Zuckerberg’s Meta cuts employee stock awards for a second year in a row

Meta has reportedly scaled back employee equity awards for a second year, with a 5% cut following last year's 10% reduction. This move frees up significant funds for CEO Mark Zuckerberg's ambitious AI and data center expansion plans, estimated to cost billions. While cost-cutting measures are in place, top AI talent is receiving substantial compensation packages.

By TOI TECH DESK