Tech pay took a hit in 2022, with the median-paid employee making less at Bay Area firms like Google, Yelp, Intel, Uber and Lyft. Here are the workforces that struggled and the ones that bucked the trend.
Those layoffs may have cut out some high-earning workers and lowered median pay, but there’s more to the story than cushy salaries. Tech companies prefer to mix payment types, including bonuses and stock grants; with most tech firms’ valuations plummeting in 2022, it’s little wonder that many workers made off with less dough.
These statistics don’t necessarily depict pay cuts for specific employees, but they show how overall workforces at these tech titans bore the pain of shrinking growth, a weak economy and low digital advertising revenues. Collectively, these firms employ hundreds of thousands of workers, so even a minor shift can have far-reaching implications.2021 median pay: $165,733
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