Meta grants executives up to $921 million in stock options on the same day it lays off 700 workers

Meta granted massive stock options worth up to $921 million to six top executives on the same day it laid off 700 workers across Reality Labs and other divisions. This stark juxtaposition highlights the growing wealth inequality in AI companies, where executives are rewarded with unprecedented compensation packages while workers building AI systems face job cuts. The timing is particularly tone-deaf given Meta's massive investments in AI and the metaverse.