Meta has reduced its annual distribution of stock options by about 10 per cent for tens of thousands of staff despite the social media group trading at record highs this month.
Every year, Meta employees receive so-called equity refreshers, which form the majority of their remuneration, alongside base salaries and annual bonuses. These stack and “vest” every three months over four years, according to people familiar with the matter.
Most employees have been told they would receive about 10 per cent less equity this year, several people said.
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