Facebook employees will be able to work from home permanently, but can expect pay cuts if they move to cheaper areas to continue working.
Facebook CEO Mark Zuckerberg announced via livestream that he expects about 50 percent of the company’s 50,000 employees to work remotely over the next five to 10 years.
A blind study found that 66 percent of employees in technology centers such as Facebook, Twitter and Uber will move away from big cities if work from home becomes permanent.
Similarly, Spotify followed the guidance of Twitter and Facebook to allow employees to work from home until the end of the year.
Some employees will be allowed to work remotely full-time and will have to notify Facebook of any changes in location by January 1
Employees hoping to take their high wages to Silicon Valley with them if they moved to a less expensive region came across a warning.
Facebook CEO Mark Zuckerberg (pictured) revealed that employees will be able to work from home permanently, but will reduce salaries based on the cost of living in their area
“This means that if you live in a place where the cost of living is drastically lower or the cost of labor is lower, then wages are really a bit lower,” Zuckerberg said.
“At this point, we will adjust your salary according to your location. There will be serious consequences for people who are not honest about it, “he added.
By 2018, the average staff salary at the giant technology company was over $ 240,000 a year.
Zuckerberg has taken a base salary of just $ 1 for the past three years, but received $ 22 million in security compensation in 2018. Nearly $ 3 million went to private jets, according to Reuters.
Menlo Park, the city in California where Facebook is headquartered, has an average home price of $ 2.4 million.
Facebook’s headquarters are located in Menlo Park in California, where the average cost of housing is $ 2.4 million.
The company’s New York office is located in Manhattan (pictured), where homes are selling for an average of $ 945,000.
The average income in the greater Gulf area is nearly $ 1.5 million less than $ 928,000, according to Zillow.
Facebook’s New York office is located in Manhattan, which has an average income of $ 82,459 and the average price of homes sold is $ 945,500.
The average price of homes currently listed is $ 1.5 million in Manhattan.
Zuckerberg said moving to telecommuting would help diversify Facebook staff and rent a pool.
“When you limit the hiring of people who either live in a small number of big cities or are willing to move there, it cuts off a lot of people who live in different communities, different backgrounds, or may have different perspectives,” he said.
“He will certainly be able to hire more widely, especially in the United States and Canada, to start, he will discover many new talents who would not have previously considered moving to a big city.”
Zuckerberg (pictured) says there will be “serious consequences” for employees who lie about their home address to keep their salary in Silicon Valley
If given the opportunity, it seems that employees in the big companies in Silicon Valley and other large centers will move away from the busy centers.
A Blind study asked employees from more than 4,000 companies in Seattle, San Francisco and New York if they would move home from work as part of the COVID-19 crisis.
New Yorkers were most eager to escape, with 39 percent saying they would leave if given the chance.
The results vary depending on the company and the region, and the majority of respondents (2768) worked in the Gulf region.
Thirty-three percent of Gulf residents said they would stay, 27.49 percent said they would move out of town, and 27 percent said they would move from California.
Eleven percent said they would even leave the United States.
One-third of New York City workers also said they would stay in the city, 17 percent said they would leave the city, and 35 percent said they would leave the country.
Fifteen percent said they would move abroad.
In Seattle, 37 percent said they would stay in the city, 19 percent said they would leave but remain able, and 26 percent said they would move out of state. Sixteen percent said they would leave the country.
Fourteen percent of workers said they expected never to enter the office again, and 44 percent said they imagined entering once or twice a week.
Only 15 percent said they imagined re-entering every day.
Of Amazon’s 354 Seattle employees who responded, 32 percent said they would stay put, 24 percent said they would move out of town, and 26 percent said they would leave the country.
Thirty-one percent of Google employees interviewed in the Bay Area said they would go out of state.
Two-thirds of Uber employees interviewed in the Gulf area said they would move either out of town or out of California.
A quarter of Facebook employees surveyed in the Gulf region said they would go outside the country.
Music streaming giant Spotify is the latest technology company to announce that it will allow its employees to work from home at least until the end of 2020, until countries begin to remove the coronavirus blockade.
“Yesterday we announced the extension of the home work contract for all Spotify employees worldwide,” a company spokesman told DailyMail.com.
“We will continue to follow the guidelines of the local government city by city and will take a step-by-step approach to opening our offices when we deem it safe.
“The health and safety of our employees is our top priority.
“An employee will not be required to enter the office and may choose to work from home until the end of the year.”
Spotify has confirmed that it will allow its 4,400 workforce to work from home by the end of this year
The Swedish company Spotify says it employs 4,405 full-time people. It says it has offices in 79 countries and territories around the world.
About half of the workforce – 2,121 employees – is based in the United States.
The company employs 1,437 full-time workers in Sweden.
On Thursday, Zuckerberg’s Facebook live broadcast came to a halt as he spoke to his employees about his forecast that more than half of the company would work permanently from home by 2030.
He was almost finished discussing the future of the company’s 50,000-strong workforce during a live broadcast on Thursday, when it abruptly broke down and an error screen appeared.
Zuckerberg was able to conclude most of the discussion that began with him, saying: “I think it is clear that COVID has changed a lot in our lives. This certainly includes the way most of us work. “
“We have already told people that by 2020 they can choose to work from home,” he said, adding that 95% or more of the company’s employees currently work from home.
“We will be the most forward-looking company in remote work on our scale, with a thoughtful and responsible plan on how to do this,” Zuckerberg said.
“But we will do it measured in time.”
Mark Zuckerberg’s Facebook power supply live during a break (error screen, right) as he talked to his employees about his prediction that more than half of the company would be working permanently from home by 2030.
After that, the billionaire continued to give his predictions for the future. “I think it’s quite possible that in the next five to 10 years, about 50 percent of our people will work remotely.
“It’s not a goal or a goal,” Zuckerberg said, citing the results of a survey by Facebook employees who found there was a strong demand to continue working from home.
With constant remote work, Facebook has outlined the eligibility criteria of the individual.
First, the employee must have experience. Second, Zuckerberg said employees should have “very strong recent performances that include two that meet all expectations or above ratings.”
Zuckerberg said employees should be “part of a team that supports remote work.”
Finally, “you need to start by getting approval from your group leader,” Zuckerberg added.
Zuckerberg’s announcement comes as companies (image files, homeworkers) adapt to the impact of COVID-19, which is also expected to change the future of office space after the pandemic pulls off.
Zuckerberg’s announcement comes as businesses adapt to the impact of COVID-19, which is also expected to change the future of office space after the pandemic pulls off.
Shopify also recently made a similar announcement.
Toby Lutke, CEO of the Canadian e-commerce company Shopify, announced the end of the “office centers” on Thursday and decided to keep the company’s offices until 2021, which allows most employees to work remotely permanently thereafter.
The Ottawa-based Shopify, which briefly became Canada’s most valuable company earlier this month, had more than 5,000 employees and contractors worldwide as of December.
“To date, Shopify is digital by default,” said Lutke, who is also the founder of Shopify. “We will keep our offices closed until 2021 so that we can redesign them for this new reality. The orientation in the office is over. “
Recently, Square Inc and Twitter allowed employees to continue working from home permanently.