Salary packages approached $1 million as Meta paid to play in metaverse

Zuckerberg has dubbed 2023 the “year of efficiency,” as he promised to trim middle management and cut superfluous projects.Former Meta human resources employees say the company’s unusually high salaries for developers building virtual reality products is part of a larger trend in which the company is willing to outspend competitors to lure the best talent for a wide range of jobs.

Meta, whose business heavily relies on digital advertising, has been trying to overcome severe economic challenges. The company is facing intensifying competition for advertising dollars and users from new rivals such as the short-form video network TikTok. New privacy rules from Apple, the war in Ukraine and rising inflation has created market instability, prompting some digital advertisers to pull back on spending on social media ads.

Meta is also investing in research to improve the underlying technology of its devices to offer users a more realistic sense of presence in the metaverse. The company has bought up at least seven virtual reality studios to improve the range of apps available on its devices. Days before the company renamed itself from Facebook to Meta in October 2021, it

While the Menlo Park, Calif.-based company has indicated it may make cuts in Reality Labs, the company hasn’t backed away from the metaverse betVirtual reality developers who were offered jobs at Meta over the last nine months were in the top 90 percentile in terms of total compensation earned an average of $538,800, according to data from, which tracks salaries in the technology industry.

Not believable

they were being paid $100,000 per Daily Active User! how fulfilling for them.

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Meta releases AI model that can identify items within imagesFacebook-owner Meta published an artificial intelligence model on Wednesday that can pick out individual objects from within an image, along with a dataset of image annotations that it said was the largest ever of its kind. So they can target their marketing based on the countless images their users have uploaded for years. It will be great for making shopping lists too. Great! For a company that has nearly 3 billion subscribers, it still has NO Customer Service or a way to get them to respond if you have an issue. Maybe their algorithms and AI bots will finally fix that…? Ok you can stop now.. thanks!
Source: Reuters - 🏆 2. / 97 Read more »