Chief Executive Mark Zuckerberg on Thursday said half of the social-networking giant’s employees could be working remotely within the next five to 10 years, and that Facebook will begin allowing certain employees to work from home on a full-time basis.
But those remote workers will have to alert Facebook if they move to a new location by Jan. 1. and may have their pay adjusted accordingly, he added. Given that Silicon Valley has some of the priciest real estate in the country, that adjustment will likely be downward.
Zuckerberg said adding that the tweak would be necessary for taxes and accounting, said:
“We’ll adjust salary to your location at that point, There’ll be severe ramifications for people who are not honest about this.”
Zuckerberg’s surprise announcement which followed Twitter’s announcement earlier this month that employees would eventually be allowed to work from home indefinitely — will eventually be a “win win” for workers and employers alike, according to an expert.