Google’s $300k Average Salary

Gone Global helps you work your way through the future of employment. The future is Global. So we had better all get used to it. First, we start with Google…

Google’s $300k average salary is tested

Google is the latest unstoppable FANG company to lay off staff in what is becoming a brutal season of Silicon Valley RIFs (Reduction in Force). Despite being ridiculously profitable, the company is firing 10,000 ‘poor performers.’ A move in keeping with the rest of the Valley:

• Amazon is laying off 10,000 corporate employees (1%) – after hiring 800,000 in the last two years.
• Meta is laying off 11,000 people, about 13% of its workforce
• Musk immediately sacked 50% of Twitter’s 7,500 employees globally
• Robinhood is laying off 23% of its workforce (7,800) as Crypto melts down
• Carvana Cuts 1,500 people – as car buying slows
• Netflix lays off 300 (3%)
• Microsoft – 1000 jobs (1%)

Is this the end of the good times? Is the party over?

Was Silicon Valley ever in touch with reality? And what does this mean for the rest of Main Street?

Google has an impressive force of 185,000 people – and an eye-watering average salary of $300,000/year. That’s big biscuits!

When people think of Google employees, they see the Ph.D. engineers purportedly building the world. However, there are also many ‘normal’ people at the company – bookkeepers, cleaners, catering staff, and the like.

It’s incredible to think that the average salary is $300,000. That’s 100x the average salary in the Philippines!! In fact, the $55 billion that Google pays in wages is equivalent to 14% of the Philippine GDP.

UK billionaire activist investor Christopher Hohn wrote an open letter to Google, saying that the workforce was overpaid and bloated. He noted that the average salary was 70 percent more than what Microsoft paid its employees.

Suddenly the bluechip high-paying rocketships aren’t as secure as they once seemed.

As companies brace themselves for an economic winter, they will seek more economical means of growth and innovation.

The Great Resignaiton, which turned into the Great Regret, now seems a hazy distant memory.

This is where global employment will shine. Philippine professionals can cost 70% less – and get the job done. Here are some salaries to think about:

Maybe Silicon Valley should reassess. Maybe they should offshore (more) to the Philippines 🙂

The question for your business

Are you seeing the layoffs impacting your company, or your community?

Read more thought leadership articles here:

• Purchase Power Parity (PPP) and outsourcing’s value Proposition
• The ‘career-impaired’ generation