Facebook CEO Mark Zuckerberg on Thursday said he predicts that 50% of the company's employees could be working remotely within the next five to 10 years.
"We'll adjust salary to your location at that point," said Zuckerberg, citing that this is necessary for taxes and accounting. "There'll be severe ramifications for people who are not honest about this." Zuckerberg made his prediction on his weekly live stream with employees, telling them that this decision should help the company improve its employee retention, and it will allow Facebook to hire from talent pools that previously wouldn't consider moving to big cities to work for the company. Additionally, this decision will allow Facebook to improve the diversity of its workforce and spread economic opportunity across more places.
Currently, 95% of Facebook's employees are working remotely, Zuckerberg said. A survey conducted by Facebook found that 50% of employees said they were as productive working from home as they were at the office, Zuckerberg said.
Bad bad BAD.....Why Zuckerberg? They are doing the same job.
Bs. If the employee is good they can work anyhow anywhere, spoiled boss. Cant imagine working for him!!
LOL, there's the GREED everyone knows. When are people gonna get enough of this and move on? Oh'wait, sounds like they are 'moving' on...
greedy zuck sucker
Why? Does the location affect they quality of their work?
I guess I did call it... Will this new permanent phenomena of WFH announced by some leading tech companies essentially mean the start of the end of SiliconValley as we know it? Certainly makes housing more affordable for employees if they are free to live anywhere
Time to lie about the location, duh. wtf.
My income is literally adjusted by -$10k/year by moving from California to Texas, yet you get a lot more for your money in TX.
Fuck him
This guys is a ....
Taking the Walmart approach. I'm not surprised.
What
This could be the start of outsourcing many CA jobs to cheaper states. Especially if CA companies could “CONTRACT” out entire departments to companies with employees based in other states. This with office space reduction could be the future of dramatic cost savings for business
Weren't there employment contracts signed that specified salary, benefits, etc.? ZuckIsAFuck
So Facebook, Twitter, Square and Shopify all think that paying remote workers less money will make them not look for another job. Or get new hires. Social Networks come and go, the next one will learn from them.
Zuckerberg is a bag.
Do people still use Facebook?
JBoorstin Seems fair
Wait for it! LOL REAL SOON, AMERICA WONT STAND FOR Communism
Clearly ground truth shows Zuckerberg (Another billionaire hiding in New Zealand I assume) is a smuck. Once everyone is working from 'remote', competition for great employees will determine salaries.
Lol. F**k you, Zuck
very misleading headline
This is why all your jobs will eventually end up in other regions of the world. Tech jobs will end up in China, India, and Romania
Boycott Facebook!
So much for paying people what they’re worth. Sounds like provide a basic income just enough to get people to come to work.
Payscale should based on performance regardless locations where people live.
Workers at Facebook should quit or strike see how Facebook fairs without its employees. These idiots like Zuckerberg and other but tech giants don't seem to realise that they are nothing with out its employees.
In the meantime Facebook remains firmly in BUY on our system. See chart. Key: above the cloud 'In Buy' below 'In Sell' $FB MarkZuckerberg NASDAQ100 SP500 California fintech trading investing stocks socialmediamarketing SocialMediaPlatform socialmediastrategy
You work for FACEBOOK, the Goldman Sachs of tech, no sympathy from me
Donate that paycut to children hospital..will you
Losing control of his workforce who want to stay safe all because.... he wants to keep the housing crunch going in the Bay Area?🙅🏽♀️
Wth
Why does everything Zuckerberg says make him sound like a giant, raging douche?
Why is this news? This is the case in almost every company that has multiple locations.
They will still have to compete with market rates for those same positions, so get ready for high turnover if your cutting pay.
Yes, flee California while you still can. Even Mark knows if not paid to do so, people would mass exodus.
lol.... Zuck is an evil dude.... Always looking out for 1
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