Yes. In Germany, if you are a good earner, you pay 42% taxes, plus obligatory healthcare about 900EUR/month, pension fund and unemployment insurance (also all obligatory). So if you earn 100k (which is already a high salary in Germany), you usually end up with less than half net. I know this sounds crazy to US citizens, but this system comes with several advantages which I wouldn't want to miss.
To be honest, I feel Europeans are simply being underpaid compared to US FAANG salaries. Not necessarily compared to EU FAANG salaries as they are lower and even if that's case, it's not glaringly obvious (to me at least).