Meta Fires 700 Employees While Executives Could Pocket $921M—What's Really Happening?

Source: International Business Times

700 laid off while Meta executives gain lucrative stock options. Meta has laid off around 700 employees as part of ongoing restructuring efforts while simultaneously unveiling a new stock option programme for six top executives that could be worth up to $921 million (£689 million) each. The move highlights the company's shift towards artificial intelligence and its ambition to become a dominant player in the technology sector.