Meta Grants Substantial Stock Options to Executives Shortly After 700 Employee Layoffs
Meta Lays Off 700 Employees, Rolls Out Rich Stock Options for Top Executives
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Moneycontrol•26-03-2026, 11:00
Meta Lays Off 700 Employees, Rolls Out Rich Stock Options for Top Executives
•Meta laid off approximately 700 employees across various teams, including Reality Labs, recruiting, sales, and Facebook.
•The layoffs occurred just hours after Meta introduced a new stock option program for top executives, potentially boosting their compensation by up to $921 million each.
•The company is scaling back its metaverse ambitions, with Reality Labs accumulating over $80 billion in losses and experiencing its second round of layoffs this year.
•Meta is pivoting towards artificial intelligence, acquiring AI firms and hiring talent, which is driving significant capital expenditure forecasts.
•The company's upcoming AI model "Avocado" reportedly faced delays after failing internal performance benchmarks.
