According to a recent filing, the median salary for Meta employees was over $379,000 in 2023. This figure is higher than many other jobs in the tech industry and comparable to what competitors like Google and Amazon pay their workers. Despite high salaries at Meta, the company has cut jobs significantly in recent years and implemented a new efficiency plan to increase productivity, leading to further job cuts.
If you work in tech at Meta, chances are you’re well paid. The analysis found that senior-level software engineers and researchers at Meta tend to earn more than the base salary compared to other roles such as product designers and user experience professionals. However, despite these high salaries, there have been ongoing layoffs and organizational changes at the company that have raised concerns among employees and investors alike.
While Meta’s median salary is well above the average position in the tech industry, it’s in line with compensation offered by other tech giants like Google and Amazon. The filing also revealed that CEO Mark Zuckerberg’s total compensation for 2023 was $24.4 million, with the bulk coming from security and logistics costs. However, this investment comes at a cost as Meta recently reported strong earnings but investors were concerned about the company’s plans to invest billions in artificial intelligence technology.
Overall, while Meta’s employees are well paid, the company’s focus on efficiency and investment in AI has raised some concerns among employees and investors amid ongoing layoffs and organizational changes.