Facebook Expects Half Its Employees To Work Remotely Forever

Facebook CEO Mark Zuckerberg

But Facebook is a much larger company, with almost 50,000 employees, and it went further in laying out a novel proposed structure for remote work.

Facebook CEO Mark Zuckerberg has laid out a detailed remote-working plan to make half of his 50,000-strong workforce work from home by 2030, and employees who move to cheaper areas will face pay cuts as salaries are based on the cost of living in each location.

Facebook is more prepared to deal with potential state-sponsored interference in the upcoming 2020 U.S. presidential election than it was four years ago, CEO Mark Zuckerberg has claimed in an interview.

According to him, about half of Facebook employees would work from home five to 10 years from now.

It follows similar announcements earlier this month by social media rival Twitter and payments company Square, both led by Jack Dorsey, which were the first tech companies to permit remote work indefinitely. 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.

Zuckerberg devoted a live-streamed "town hall' meeting with employees to how a remote-work trend compelled by the pandemic is being embraced by employees without affecting productivity".

"We're going to be the most forward-leaning company on remote work at our scale", Zuckerberg told The Verge. Given that Silicon Valley has some of the priciest real estate in the country, that adjustment will likely be downward.

He said the company was committed to keeping its current office spaces, which include a tony Menlo Park headquarters designed by architect Frank Gehry, featuring a rooftop garden and a courtyard sheltered by redwood trees.

As of January 1, Facebook employees working remotely will have their compensation adjusted depending on where they live, with those in cities where living and labour costs are higher receiving more.

"I think the best people, you're going to have to pay them regardless of where they live or you're going to lose them to a competitor", he said.

Almost 60 percent said they'd prefer to move to a smaller city or town.

"When you limit hiring to people who either live in a small number of big cities or are willing to move there, that cuts out a lot of people who live in different communities, different backgrounds or may have different perspectives on things", he said.

He said there were no differences in the results by gender.



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