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Facebook Employees That Move Out of Silicon Valley May Face Pay Cuts

Facebook Employees That Move Out of Silicon Valley May Face Pay Cuts

Facebook CEO Mark Zuckerberg stated during a recent livestream that employees considering leaving Silicon Valley for areas with cheaper cost-of-living could be subject to pay cuts.

During a recent livestream, Facebook CEO Mark Zuckerberg stated that as Facebook plans to “aggressively” ramp up its hiring of remote workers, those that choose to live outside of the Silicon Valley area may be subject to pay cuts, CNBC reports.

Employees that have moved outside the Silicon Valley area could have their salaries cut based on their new locations, according to Zuckerberg.

Zuckerberg stated that 95 percent of Facebook’s employees were now working remotely, according to a survey of staff 50 percent of the employees stated that they were as productive working from home as they were at the office.

Zuckerberg added: “It’s somewhat of an unfortunate and unsustainable setup for people to have a lot of these jobs they have to move to a small number of big cities.” Facebook will reportedly allow existing employees to request permanent remote work if they meet a specific criteria.

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