Reddit Inc. co-founder and CEO Steve Huffman speaks during a hearing with the House Communications and Technology and House Commerce Subcommittees on Capitol Hill on October 16, 2019 in Washington, DC.Reddit said Tuesday that its employees will not take a pay cut if they decide to move to more affordable cities.
Many of Reddit's Silicon Valley peers, including Facebook and Stripe, have said that workers will indeed take a salary cut if they leave Silicon Valley. The pandemic has altered real estate in the tech region as corporate offices remain shuttered and many companies consider alternative, remote options even after offices reopen.Reddit will keep paying its employees their San Francisco salaries if they decide to leave the region for more affordable locales, the company said in a Tuesday"To support employees to live where they want to and do their best work, we are eliminating geographic compensation zones in the US," the company wrote.
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