US tech (Big Tech company) giants are downsizing; There have been job vacancies, and some have even received pay raises.
Facebook parent company Meta says it will not hire any new employees this year. Apple is offering an hourly wage increase to employees trying to form a union. According to a study by S&P 500 companies that track the performance of the top 500 companies listed on the US Stock Exchange, Apple has increased its employees’ salaries by 18% over last year.
This is significantly higher than most of the 500 S&P companies listed on the index. The Wall Street Journal (WSJ) looked at the S&P 500 Analysis and looked at the average salary of each company. According to a WSJ study, Apple’s average median annual salary was $ 68,254 in 2021, up 18% from 2020.
For one thing, Apple’s pay gap between retail and corporate is low, and the average retailer is significantly lower than the corporate average, according to the study. By the end of 2021, Apple will have around 154,000 employees. Among the Big Tech, Google parent companies Alphabet and Meta are among the companies with the highest average annual earnings.
Company Pays the Highest Salary (Big Tech company)
According to the Wall Street Journal, Alphabet and Meta Platforms Inc. offer mid-level employees a maximum of nearly $ 300,000. Nearly 150 companies on the S&P 500 list say their mid-level employees earn more than $ 100,000. Interestingly. But, Apple is not included in the list of the top 10 highest paid companies in the S&P 500. Below is a ranking of the average / maximum salary.
(1) Alphabet (Google) – $ 295,884
(2) Facebook (Meta) – $ 292785
(3) Twitter – $ 232,626
(4) Etsy – $ 231,338
(5) Nvidia – $ 217542
(6) Netflix – $ 201743
(7) Citrix Systems – $ 201540
8. Salesforce – $ 181612
(9) Intuit – $ 176342
(10) Autodesk – $ 137042
The lowest paid S&P 500 company employees in the mid-range position are Aptiv PLC auto parts importers, who were paid less than $ 7,500 last year. Aptiv is one of 44 companies earning less than $ 30,000.
Tesla tycoon Elon Musk is currently worth nearly $ 110 million more than the world’s second-richest billionaire, Jeff Bezos.
According to Business Insider, the Tesla tycoon, who paid $ 11 billion in taxes at the end of 2021, will be $ 30 billion richer by the new year of 2022. Elon Musk also raised more than $ 30 billion as Tesla shares soared after an incredible record sales of Tesla cars in the fourth quarter of last year.