Hmm.. this doesn't really sound like people are going to move then.
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A lot of those employees are here because they moved to where a great job is, not because they prefer where the job is. If they could have taken a job at Facebook in Boulder at 65% of pay to start with, a non-trivial amount would have taken that job instead to begin with.
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On the one hand, it would suck to take a pay cut. On the other hand, given a choice, a lot of people would say "Sign me up" for a lower cost housing that would have more price stability, plus remote work (which has cost savings for transportation).
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Will he also be compensating for home office space/utility costs?
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What happens if someone moves somewhere more expensive than SF? (If that's possible)
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Switzerland
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Huge opportunity for someone to run a mail forwarding address & VPN endpoint in the Bay Area
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Kind of surprised FB doesn't already have a policy on the books for this. Salesforce, for example, has a compromise for adjusting salaries when staff move from SF to other offices—it was happening so often and throwing levels out of whack with staff who started elsewhere.
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oh man you know how companies have “headquarters” in random countries to optimize their taxes, while the CEO sits in a fancy building in San Jose or whatever? WeLive in Zurich or Manhattan could really seize this moment.
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I hear a lot of people say they would accept a pay cut to move. But that assumes they would be given a choice. If (you feel like) the pandemic forced you to leave the Bay Area this doesn’t feel like a choice.
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