Facebook: Workers Can Bid Goodbye To Menlo Park And Hello To Midwest – But With A Salary Cut
Facebook CEO Mark Zuckerberg said Thursday that most Facebook employees can work from home wherever they want. But they should not expect to get Silicon Valley salary levels if they relocate to less-expensive areas.
Speaking at an internal employee town hall meeting livestreamed on Facebook, Zuckerberg said the company will take a “more measured approach to opening permanent remote work for existing employees.” Currently, most Facebook workers can opt to work from home through the end of the year, thanks to the pandemic.
Now, Zuckerberg envisions that over the next decade or more, about half of Facebook’s workers could be remote. But there’s a lot of “ifs,” “ands” and “buts” attached – although not butts in the seats.
If you qualify for remote work and move to cheaper areas, you will have to tell Facebook, and pay will be adjusted accordingly, Zuckerberg said. There will be “severe ramifications” for those discovered to be falsifying addresses.
“We’ll adjust salary to your location at that point,” said Zuckerberg, who said the adjustment would be necessary for taxes and accounting. “There’ll be severe ramifications for people who are not honest about this.” He added the system will work on the “honor code,” but will “put in some basic precautions” to make sure that the honor system is being honest. Those methods were not detailed.
Facebook has more than 40,000 employees. The company joined Twitter, which has also said its employees can work from home indefinitely.
Source: Read Full Article