According to a recent SEC filing, Meta’s median employee earned over $379,000 in 2023. This figure is significantly higher than many tech jobs and aligns with competitors like Google and Amazon. While Meta offers attractive compensation, it has also laid off workers and is investing billions in AI technology.
If you’re a tech worker at Meta, you likely receive a generous salary, according to the SEC filing. With approximately 67,000 employees at Meta, there is likely significant diversity in compensation. High-level software engineers and researchers typically earn higher base salaries than product designers and user experience professionals. Despite these competitive salaries and earnings, the work environment at Meta remains challenging due to ongoing layoffs and CEO Mark Zuckerberg’s focus on maximizing productivity through performance reviews. Since 2022, the company has reduced its staff by 22%, with ongoing plans for further cuts.
Google and Amazon also offer positions with compensation well above $300,000. However, it’s important to note that Zuckerberg’s total compensation in 2023 was $24.4 million primarily due to security and logistical costs. His salary was listed as $1, and the majority of his net worth is tied to stock options. While Meta’s recent quarterly earnings call showed positive results, investor concerns arose due to plans to invest additional billions in AI technology.
In conclusion, while the median salary at Meta may appear impressive on paper, it doesn’t come without challenges such as ongoing layoffs and a focus on maximizing productivity through performance reviews. It’s important for tech workers considering a career at Meta to weigh these factors against the competitive salary offered by other Big Tech companies like Google and Amazon before making any decisions about their career path.
