Gotta get creative with your layoffs when you already did massive layoffs but still need to please wall street.
Meta had to pay people more compared to other similar companies due to people not wanting to work there
It’s probably more because they were offered a position at some other prestigious firm, like Google or Netflix. Meta doesn’t need to compete with you local mom-and-pop software company, they’re competing with other large tech firms, so if they want “the best,” they need to pay up for it.
Microsoft $193k
I think there’s a lot more variety of roles in some of those companies though. Microsoft has a big hardware division (XBox, Surface, mouse/keyboard, etc), which means a lot of lower-paid support staff, logistics, etc. Meta is relatively new to that (mostly just their VR), so they probably have a lot fewer lower-paid roles. Microsoft also has a lot of campuses in lower COL areas, whereas my understanding is that Meta is almost entirely in the SF Bay area, with relatively few satellites (i.e. much higher average COL).
So just looking at average salaries doesn’t tell the whole story, we’d need to look at equivalent roles. You could absolutely be right here, I’m just pointing out the metrics don’t necessarily support the conclusions.
Totally fair points. Probably next to impossible. Wish I could find those articles, but oh well. I just don’t see this being good for future hiring at Meta at the end of the day.
