Tech companies will now cut pay for workers fleeing Silicon Valley - Business Insider

While employees can work remotely on a permanent basis, they could face an 18% pay cut for moving to a city like Denver, Bloomberg reports.

Even a move within the state of California will result in lower pay: workers who decamp for San Diego or Los Angeles will take an 8% pay cut, Bloomberg reports. The pay localization policy would apply to employees who move outside the Bay Area to less expensive cities, Twitter said. The company's other coronavirus-related benefits, including company-wide "days of rest," a $1,000 work-from-home allowance, parent resources, and wellness programs, apply to all employees, regardless of where they live.

Hi,This is Ahmed Amir Hossain. I am a web developer. I have 5 years of experience in web developing. If you need corporate website to be made by Elementor please i

...companies who don't do this will attract the best talent.

Lower cost of living, Nashville vs San Francisco. Makes sense in a market economy (for now) 😎

We should be getting pay rises not cuts, as they don't need to provide offices.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the life of an Uber driver in NYC during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

US companies Salesforce, Bank of America offering childcare benefits - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »