368
Roses are red, Meta is blue, Reality Labs lost $4.5 billion during Q2
(www.gamedeveloper.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 01 Aug 2024
368 points (97.9% liked)
Technology
59374 readers
3126 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Total compensation (salary + stock) for software developers at big tech companies in the USA starts around $200k and goes up from there. With 5+ years experience, it's not uncommon to have $500k+ total comp. You can check https://levels.fyi/ for data. E3 is the starting level at Meta, and 5 years experience would be around E5 or E6.
Plus you need to include all the other benefits like 401k (retirement fund), health insurance, etc.
I don't know if that headcount I listed includes contract employees. They typically get compensated far less, and anecdotally I've been told by a former Meta friend that there are more contracted developers than salaried there. And what's the ratio of software developers compared to other personnel? HR, QA, marketing, sales, etc? Employees in other countries? I figured a more conservative estimate was reasonable for cost overall.