NOTEBOOK – One Good Read: Facebook’s remote-work pay cuts are going to get complicated
JOE GARDYASZ May 28, 2020 | 4:17 pm
1 min read time
132 wordsBusiness Record Insider, Education, The Insider NotebookHere’s an interesting take from the Hustle about how remote workers may earn less if they move to less-costly areas of the country — such as Iowa. “You may have heard about the big catch in Mark Zuckerberg’s remote-work announcement last week: Facebook employees who move away from Silicon Valley might be in for a salary cut. The company will adjust its pay according to an employee’s new hometown.” It makes me wonder whether Silicon Valley workers would be willing to take a pay cut to live in Iowa. Maybe. According to one survey, 35% of Bay Area tech workers said they’d move out even with a salary reduction. But there are limits: Of the workers OK with a pay cut, only 6% said they would accept a reduction greater than 30%.