Meta Lays Off 700 Employees, While Rewarding Top Executives
📖 Full Retelling
The jobs cuts and a new stock program for executives come as Meta continues to shift its focus to artificial intelligence.
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If it achieves the goals, the new stock options for some of the executives — such as Mr. Bosworth, Mr. Cox and Mr. Olivan — would be worth as much as $921 million each, according to an analysis by Equilar, a compensation research firm. Ms. Li’s stock options would be worth as much as $161 million, the firm said.
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