Meta Lays Off 700 Across Five Divisions While Executives Pocket Up to $921M in Stock Options; AI Capex Doubles to $115-135B

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Meta cut approximately 700 employees on March 25 across Reality Labs, Facebook, global operations, recruiting, and sales — hours after filing SEC disclosures granting its top six executives (Li, Bosworth, Cox, Olivan) stock options worth up to $921M if Meta hits $9T by 2031. Zuckerberg received no new options. The company's 2026 AI capex will hit $115-135B (roughly 2x 2025), with Zuckerberg stating AI agents are already reshaping internal engineering workflows. Reports suggest this may be the beginning, with up to 20% of Meta's 79,000 workforce (15,800 positions) potentially at risk.