According to recent data, the median salary for Meta employees in 2023 was over $379,000. This figure is significantly higher than many other tech industry jobs and comparable to what competitors like Google and Amazon pay their workers. However, a recent filing revealed that Meta has recently laid off employees and is planning to invest billions in artificial intelligence technology.
The high salaries at Meta are not limited to just a few employees as there are approximately 67,000 workers at the company. An analysis found that software engineers and researchers tend to earn more in base pay compared to other roles such as product designers and user experience professionals. While Meta’s median salary is above average for the tech industry, it falls in line with compensation offered by other tech giants like Google and Amazon.
The filing also showed that CEO Mark Zuckerberg’s total compensation for 2023 was $24.4 million, with most of it coming from security and logistical costs. Despite the high salaries at Meta, the company has made significant job cuts in recent years and implemented a new efficiency plan to increase productivity, leading to further job cuts.
While investors were concerned about Meta’s plans to invest billions in AI technology, recent reports suggest that the company’s focus on efficiency has raised some concerns among employees and investors alike.
Overall, while employees at Meta are well compensated, ongoing layoffs and changes within the organization have caused concern among both employees and investors alike as they wait for the company’s future direction.