That is in accordance with a latest SEC submitting, the place the corporate acknowledged that its median worker made simply over $379,000 in 2023.
Meta employs round 67,000 individuals, in accordance with the submitting, so there’s sure to be appreciable variation.
An Insider evaluation beforehand discovered that higher-level software program engineers and researchers on the firm are inclined to make extra in base pay than product designers and person expertise professionals.
However, Meta’s median determine is considerably increased than the typical tech place, which tends to fall between $35,000 to $120,000 relying on the function, in accordance with information listed by one recruitment agency.
However inside the world of Massive Tech, Meta’s median wage is not as eye-popping because it may appear. Business giants like Google and Amazon even have positions that commonly provide properly above $300,000 in compensation.
The identical submitting famous that CEO Mark Zuckerberg‘s whole compensation in 2023 was $24.4 million.
Most got here from safety and logistical prices for the reason that Fb cofounder took house a wage of simply $1 final yr. (In fact, most of Zuckerberg’s $157 billion web value is tied up in his inventory choices.)
Even with such engaging compensation, it does not imply that working at Meta is turning into any simpler.
Earlier this yr, Zuckerberg advised staff that, going ahead, the corporate will make its so-called “12 months of Effectivity” — the drive to maximise productiveness by stepping up efficiency evaluations and layoffs — the everlasting state of affairs.
The corporate has lower 22% of its employees since 2022 with no sign of ending. Meta reported robust earnings in its newest quarterly name, but in addition doubled down on Zuckerberg’s plan to spend billions extra on AI, spooking traders.
