In a nutshell: The number of layoffs in the tech industry this year has dwarfed those from other areas. We've also seen some extreme cost-cutting measures implemented. But a new report shows that if you want a well-paid job, some of the best options are still at technology giants such as Alphabet and Google. <\/p>\n
The report on company pay comes from the Wall Street Journal, which analyzed data collected by MyLogIQ on the median salaries of 278 firms in the S&P 500. <\/p>\n
Despite the large number of layoffs and global economic turmoil, annual compensation - salary, bonuses, and benefits - rose more in 2022 than in 2021, with more than 100 companies raising salaries by 10% or more. <\/p>\n
$414,500 <\/p>\n
$279,902 <\/p>\n
$247,678 <\/p>\n
The highest median salary is the $414,500 paid by New York City-based real estate investment trust Vici Properties. Comprising just 22 employees, it owns a number of casinos across the US - the salaries of hourly workers employed by its properties aren't included in the figures. <\/p>\n
The second place belongs to Facebook owner Meta Platforms, which pays almost $300,000. The $280,000 median wage Google parent Alphabet pays staff puts the company in third place. <\/p>\n
Meta has laid off over 20,000 people since November last year, while Alphabet's 12,000 layoffs led to global protests. <\/p>\n
Amazon, which had a revenue of $514 billion last year, was 43rd on the list with its median salary of $34,195. That includes the massive number of warehouse workers at the company. <\/p>\n
The companies with the lowest median wages include retail firms such as Yum Brands ($10,398), Ross Stores ($9,968), and Aptiv ($8,139), which have minimum-wage workers. Walmart is on the lower half of the list ($27,000), even though it raised salaries by 7% last year. <\/p>\n
The WSJ also worked out how much more CEOs earn compared to the average worker at their company. Alphabet CEO Sundar Pichai's top pay package of $226 million gives him 808 times more than the company's median pay. Mark Zuckerberg's $28 million is 91 times higher, while Vici Properties' CEO Edward Pitoniak gets 28 times more, though it was 273 times higher last year. <\/p>\n
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As layoffs surge, tech giants still lead when it comes to high salaries - TechSpot<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" In a nutshell: The number of layoffs in the tech industry this year has dwarfed those from other areas. We've also seen some extreme cost-cutting measures implemented Continue reading