The median employee at Meta earned over $379,000 in 2023, as stated in a recent filing. This figure stands out as significantly higher than many tech jobs, although it aligns with competitors like Google and Amazon. Notably, despite the attractive compensation, Meta has laid off workers and is focusing on investing billions in AI.
If you’re a tech worker at Meta, you likely receive a generous salary, according to a recent SEC filing. With approximately 67,000 employees at Meta, there is likely significant diversity in compensation. For example, high-level software engineers and researchers at the company typically earn higher base salaries than product designers and user experience professionals. This median salary at Meta surpasses the average within the tech industry, which typically ranges from $35,000 to $120,000, depending on the role.
While Meta’s median salary appears impressive, it is important to note that other Big Tech companies like Google and Amazon also offer positions with compensation well above $300,000. Moreover, the filing highlighted that CEO Mark Zuckerberg’s total compensation in 2023 was $24.4 million, primarily due to security and logistical costs. Zuckerberg’s salary was listed as $1, and the majority of his net worth is tied to stock options.
Despite these competitive salaries and earnings, the work environment at Meta remains challenging. Zuckerberg announced a permanent “Year of Efficiency,” focusing on maximizing productivity through performance reviews and continued layoffs. Since 2022, the company has reduced its staff by 22%, with ongoing plans for further cuts. Meta’s recent quarterly earnings call showed positive results, but investor concerns arose due to plans to invest additional billions in AI technology.