Facebook parent company Meta and Google parent company Alphabet were among the top three highest-paying public companies. Meta ranked second in terms of median salary, offering employees a median wage of nearly $3,00,000 (roughly Rs 2.46 crore), according to a report by the Wall Street Journal. Alphabet followed closely behind at the third spot with a median wage of $2,80,000 (roughly Rs 2.29 crore). However, Vici Properties, a real estate investment trust, claimed the top spot with a median salary of approximately $4,15,000 (Rs 3.40 crore).
Despite their high-paying status, both Alphabet and Meta have been affected by layoffs. Since 2022, these companies have collectively laid off around 33,000 employees. This trend reflects a broader pullback on employee perks and a challenging year for the tech industry in terms of workforce reductions.
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