A recent SEC filing has revealed that the median pay for an employee at Meta in 2023 was just over $379,000. This figure is higher than the average tech job and is in line with what Google and Amazon pay their employees. However, when comparing roles within Meta, software engineers and researchers tend to earn more in base pay than product designers and user experience professionals. Despite this, a median salary of $379,000 is not uncommon in Big Tech, with industry giants like Google and Amazon also having positions that pay well above $300,000.
CEO Mark Zuckerberg’s total compensation in 2023 was $24.4 million, with most of it coming from security and logistical expenses. However, Zuckerberg only took a $1 salary last year, with the majority of his wealth tied to stock options. Despite the high compensation, Meta has been on an efficiency drive since 2022 which has led to frequent layoffs. The company reported strong earnings but also plans to increase investments in AI which has made investors cautious about the company’s future.
In conclusion, Meta’s median pay is higher than average tech jobs but lower than some Big Tech companies such as Google and Amazon. While there are variations in pay scales within Meta based on roles, a median salary of $379,000 is not out of the ordinary in Big Tech industry giants like Google and Amazon also have positions that pay well above this amount.
