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Will Facebook’s salary-by-location move set precedent for tech?

Facebook announced in May that up to half its workforce is likely to be working from home within the next five to 10 years. There is one caveat: staff salaries could be adjusted to align with the cost of living in their chosen location, meaning potential pay cuts for those considering moving away from its expensive Palo Alto base and other global hubs. Chief executive Mark Zuckerberg told staff via video that the change will come into effect from January. Read More...

Facebook announced in May that up to half its workforce is likely to be working from home within the next five to 10 years. There is one caveat: staff salaries could be adjusted to align with the cost of living in their chosen location, meaning potential pay cuts for those considering moving away from its expensive Palo Alto base and other global hubs. Chief executive Mark Zuckerberg told staff via video that the change will come into effect from January.

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