Meta’s Compensation Raises Concerns Amid Job Cuts and Investment in AI
Meta, the parent company of Facebook, has recently laid off employees and is planning to invest billions in artificial intelligence. Despite this, a recent filing reveals that the median salary for employees at Meta was over $379,000 in 2023. While this figure is higher than many other tech industry jobs, it falls in line with the compensation offered by other tech giants like Google and Amazon.
According to an analysis, 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 at Meta. The company has approximately 67,000 employees and there is likely to be a wide range of salaries at the company. However, 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.
CEO Mark Zuckerberg’s total compensation for 2023 was $24.4 million, with most of it coming from security and logistical costs. While this may seem like a substantial amount of money, investors have expressed concerns about the company’s plans to invest billions in AI technology. Despite these concerns, Meta reported strong earnings recently and continues to be one of the largest and most successful companies in the world. Overall, while employees at Meta are well compensated, there are ongoing changes within the organization that raise some concerns among both employees and investors alike.
