With Facebook's adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley's biggest companies from the place that incubated it.
SAN FRANCISCO - With Facebook’s adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley’s biggest companies from the place that incubated it.
As lockdowns dragged into their third month, message boards popular with well-paid tech workers have lit up with fantasies of working long-term from tropical beaches and spacious houses in affordable small towns in the Midwest. The company, one of Silicon Valley’s biggest employers, is giving U.S. staffers who are approved to work remotely until Jan. 1, 2021 to update the company on where they plan to base themselves, at which point their salaries will be adjusted to reflect the local cost of living.
Zuckerberg said Facebook will monitor adherence by checking where employees access its VPN. Facebook also uses its own apps' to track employee locations, according to CNBCEven as many tech workers dream of a future in low-tax states, others on message boards fret about how the shift to remote work could exert downward pressure on salaries across the board and warn that being far from headquarters could steepen the climb up the corporate ladder.
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