According to a recent SEC filing, Meta’s median salary for employees was over $379,000 in 2023. This figure is higher than many other tech industry jobs but comparable to what competitors like Google and Amazon pay their workers. While Meta has made significant job cuts in recent years, the company’s focus on efficiency and investment in AI technology has raised concerns among employees and investors alike.
An analysis of compensation at Meta found that higher-level software engineers and researchers tend to earn more in base pay compared to other roles such as product designers and user experience professionals. However, despite the high salaries at Meta, CEO Mark Zuckerberg’s total compensation for 2023 was just $24.4 million, with most of it coming from security and logistical costs.
Despite the ongoing layoffs and changes within the organization, Meta recently reported strong earnings. However, investors were concerned about the company’s plans to invest billions in AI technology, which may lead to further job cuts in the future. Overall, while employees at Meta are well compensated, there are concerns about the company’s long-term strategy and its impact on the tech industry as a whole.