Big pay for Big Tech: Facebook UK staff bank £134k a year on average
Despite reports that tech firms are facing job cuts and a slowdown of hiring, new filings reveal that the average salary for a Facebook employee in the UK hit £134,000 last year.
Facebook’s headcount climbed 37 per cent to 5,148 in the UK, with the wage bill up to £693m in 2021.
This made the average pay packet for a Meta employee around £134,000 a year, according to filings from Companies House.
The news comes as a tide of top executives headed to the company’s Kings Cross office, including former deputy PM turned Meta president of global affairs Nick Clegg.
Clegg was reportedly paid £2.7m a year, and since taking the role in 2018, has been in charge of handling policy and political affairs for the tech giant: from deciding the company’s approach in Ukraine and Russia, to handling the leak of Frances Haugen’s ‘Facebook files’.
Head of Instagram Adam Mosseri has also temporarily relocated across the pond from the States.
Discussing both Mosseri and Clegg’s move, a Meta spokesperson said: “London is already Meta’s largest engineering hub outside of the US, with over 4,000 employees across our offices, including a dedicated Instagram product team with people focused on building long term solutions for creators.”
Although Meta’s bumper pay, it seems to pale against reports earlier this week that Google’s UK’s average salary was £385,000 in the 18 months to the end of December. Leah Montebello
According to filings, Google’s staff costs hit £2.2bn in the 18-month reporting period, with staff wage and salary bill coming to £1.06bn.
The accounts show that the tech behemoth paid £200m in UK corporation tax on £1.1bn profits.