Unpacking Meta’s Median Pay of $379,000: Insights on Tech Industry Compensation and Layoffs.

In 2023, the median pay for an employee at Meta, previously known as Facebook, was just over $379,000. This figure is higher than the average tech job and in line with what Google and Amazon pay their employees. Despite having a workforce of around 67,000 employees and a wide range in pay scales, software engineers and researchers tend to earn more in base pay than product designers and user experience professionals.

While a median salary of $379,000 may seem high, it is not uncommon in Big Tech. Industry giants like Google and Amazon also have 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 for its employees, 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.