Shifting aggressively to remote work brings opportunity to hire talented candidates who don't live near cities where Facebook has offices, sparing them commutes, congestion and the high living costs of tech-company towns.
Given the current global situation, nearly all major companies have given their employees an option to work remotely but now that the world is gearing up to adopt the "new normal", different companies seem to be having a different approach for how to work.
"Facebook will be the most forward-leaning company on remote work at our scale ... we have been working on a thoughtful and responsible plan to do this". Its decision is likely to have a pronounced impact on the San Francisco area, where the tech sector's rapid growth has strained regional infrastructure.More news: Fortnite Tenet trailer event
Twitter announced on May 12 that employees who are remote working during the pandemic can do so permanently when offices reopen if they prefer.
"I am optimistic, but I want to make sure that we move forward a measured way".
"Figuring all this out will take time, so we are going to start by focusing on remote hiring". Savings related to real estate, food and labor costs will be partially offset by additional expenses for travel and logistics associated with home offices.
"We're setting a date for January 1 for when you either need to move back to where you were, or tell us where you are and we'll basically adjust your salary to your location at that point", Zuckerberg said.More news: WarnerMedia Hiring 200 On Eve Of HBO Max Launch 05/19/2020
"We pay very well, basically at the top of the market, but we pay a market rate".
In testimony to the US Senate in October 2017, Facebook said Russia-backed content reached as many as 126 million Americans on its platform during and after the 2016 vote. Nevertheless, employees who left the Bay Area when Facebook implemented work-from-home orders in March may be able to eventually stay where they are, he said.
He said that there would be "severe ramifications" for employees that attempt to lie about where they are based in an attempt to boost salaries, with the company going as far as monitoring the IP addresses that people are logging in from.
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