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WinterStar38655 t1_j8hmcn9 wrote

Reply to comment by Darkstar_k in Meta's chief business officer is leaving after 13 years amid the company ramping up its focus on 'efficiency' by luxisa

Reddit moment.

Meta has been practically disneyland for employees the last few years. The employee benefits alone prob cost as much as the median wage + benefits in many other companies. They def have a lot of leeway to improve on efficiency.

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WinterStar38655 t1_j8hmygc wrote

Not to mention, outside of the very expensive benefits that FB offers, they have very high salaries. The median salary at FB including non tech roles is $240,000. No one complains when they get offered omega bucks ("I know my worth") but it is haram for the company to want more efficiency? 🤔

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Darkstar_k t1_j8i32p6 wrote

You think 240,000k is a lot, but obviously the employees don’t. They are adept enough to understand profit margins. They negotiated for their position - you should realize that they are at the top of their field, globally.

Don’t take my word for it - look at the article. She abandoned ship. She was likely banking 1m total comp yearly.

Can you see the whole picture now? Do you see the pattern? Company is successful, company sells out to shareholders, product tanks, company finds niche or sells. The only ones who win long term are the shareholders.

Apply game theory and stop parroting corporate-speak and you might find your own path to wealth.

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MakingMoves2022 t1_j8i88h6 wrote

1m TC would be whatever level is above director, not a C-suite. She made even more than that. Maybe 1m base.

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WinterStar38655 t1_j8ic8dv wrote

I am not "parroting corporate speak", I am denouncing your generic nonsense.

This lady made $26.5 million last year and there is no indication she is leaving because of pay.

FB is literally at the top when it comes to pay or investment.

You are just repeating nonsense about investing instead of cutting costs. While FB is investing and trying to get back to their pre pandemic efficiency levels.

A company with 72 K employees has a median salary of 240K usd (not including similarly highly paid contractors) but it is too much of a request to be as efficient as they were before they bloated during the pandemic? This is not a dickward "we are all family" company that pays its employees 40K/year while the ceo pays himself 100 million that is cutting costs so that the ceo and his buddies get an additional yatch this year.

Also btw, FB employees def don't think it is "not enough". That is literally the top reason they are there. Remember how I said that is median income. Most software engineers get paid a lot more.

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WinterStar38655 t1_j8icxlk wrote

I was wrong they had 87,000 employees before layoffs. And now have laid off 11,000.

Company is even more massive than I thought.

2019- 44,942 employees
2020- 58,604 employees
2021- 71,970 employees
2022- 87,314 employees

So they doubled over the pandemic

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