Tech CEOs predicting WFH will be permanent, and many employees will never come to an office again

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:ITT: Terrified SFH owners in dense urban areas who are afraid they'll lose a lot of value in their homes once jobs decentralize and people flee high tax states/cities and high COL areas. Bring on the decentralization. Can't wait to leave this overpriced area with soul crushing traffic.

Lol! Basically the posters on here. Fuc&ed.

Pretty much. I’m noticing this too. That and the ones who bought expensive condos in the city. Yikes. Be prepared for your value to plummet in the next year.

LOL

Tech companies keep telling you - yeah you can remote, but you'll be poor. They're coming for benefits next. But please move - I'd love to see people stop complaining about the COL here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:ITT: Terrified SFH owners in dense urban areas who are afraid they'll lose a lot of value in their homes once jobs decentralize and people flee high tax states/cities and high COL areas. Bring on the decentralization. Can't wait to leave this overpriced area with soul crushing traffic.

Lol! Basically the posters on here. Fuc&ed.

Nope. Realist. I WFH and have for 5 years and own homes that I split time between in 2 states.

All of you hoping to keep high 6-figure salaries are not listening to what these Tech CEOs are saying. It hasn't even been a week and 2 CEOS have confirmed reduced salaries for WFH and 3 more have announced in-house.

Are you kidding? They are about to slaughter salaries and benefits and you'll be crying in your soup when you get to North Carolina or Texas to find out that $275K salary with stock options just became 65K with half-vesting and a side of 'We still expect you to video share in meetings on PST time!'

Welcome to less pay and 5AM Zoom calls in Dallas because you stupidly decided to relocate.

Do you realize that even 65k while WFH is enough to buy a fairly large house in those parts of the country, right?

Typical SFH with a decent sized yard in somewhere like NC or GA is like $250k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:ITT: Terrified SFH owners in dense urban areas who are afraid they'll lose a lot of value in their homes once jobs decentralize and people flee high tax states/cities and high COL areas. Bring on the decentralization. Can't wait to leave this overpriced area with soul crushing traffic.

Lol! Basically the posters on here. Fuc&ed.

Nope. Realist. I WFH and have for 5 years and own homes that I split time between in 2 states.

All of you hoping to keep high 6-figure salaries are not listening to what these Tech CEOs are saying. It hasn't even been a week and 2 CEOS have confirmed reduced salaries for WFH and 3 more have announced in-house.

Are you kidding? They are about to slaughter salaries and benefits and you'll be crying in your soup when you get to North Carolina or Texas to find out that $275K salary with stock options just became 65K with half-vesting and a side of 'We still expect you to video share in meetings on PST time!'

Welcome to less pay and 5AM Zoom calls in Dallas because you stupidly decided to relocate.

Do you realize that even 65k while WFH is enough to buy a fairly large house in those parts of the country, right?

Typical SFH with a decent sized yard in somewhere like NC or GA is like $250k.

I'm from GA. That will get you a typical SFH in an incredibly poor school district if you want to live anywhere near metro Atlanta.

If you want to live in hickville or on the coast where people ride in pickup trucks and shoot joggers, then yeah it'll get you a good school district.

Choice is yours.

[Anonymous]

Full time teleworkers often don't fare well during mergers and restructuring events. This happens a lot in tech. Even within big tech there is constant restructuring of teams and management changes. They then have a hard time finding another full time teleworking job at a senior level.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:ITT: Terrified SFH owners in dense urban areas who are afraid they'll lose a lot of value in their homes once jobs decentralize and people flee high tax states/cities and high COL areas. Bring on the decentralization. Can't wait to leave this overpriced area with soul crushing traffic.

Lol! Basically the posters on here. Fuc&ed.

Nope. Realist. I WFH and have for 5 years and own homes that I split time between in 2 states.

All of you hoping to keep high 6-figure salaries are not listening to what these Tech CEOs are saying. It hasn't even been a week and 2 CEOS have confirmed reduced salaries for WFH and 3 more have announced in-house.

Are you kidding? They are about to slaughter salaries and benefits and you'll be crying in your soup when you get to North Carolina or Texas to find out that $275K salary with stock options just became 65K with half-vesting and a side of 'We still expect you to video share in meetings on PST time!'

Welcome to less pay and 5AM Zoom calls in Dallas because you stupidly decided to relocate.

Don't care if there is salary cuts.

Reduced taxes in other states and less traffic alone is worth a salary cut. F sitting in NoVa, DC, MoCo - Baltimore region traffic.

Don’t let the door hit you. If what you’re saying is true then I’ll be left here without much traffic because everyone is fleeing . Not that I sit in traffic much anyway because I live 2 blocks from metro, telework a bunch even in non-pandemic times, and enjoy walking to restaurants, coffee shops, etc. I grew up in a mid-size city without any transit and let me tell you, you’re not escaping any traffic. Places like Atlanta, Houston, Orlando, Norfolk, etc. have horrendous traffic. Also with reduced taxes comes fewer local services, especially in a red state (I used to live in one).

I’m not saying there aren’t reasons to leave. If you can keep a job you like (even with reduced salary) and move closer to family or somewhere meaningful to you then go for it. But I’ve lived a lot of places and there’s a reason people pay a lot of money to live here. The close-in suburbs are a great place to raise a family if you can afford it. If you’re financially stretched and have to live somewhere with a long commute, I agree it probably sucks and you should find happiness elsewhere.

[Anonymous]

I guarantee that in a couple of years, when the fear of the pandemic is gone, these companies will want their workers to travel more into the office. If you live in podunk, NE, where there aren't many flights out to the big airports, your travel/commute will suck.

I've worked for high tech companies for 20 years, and I've seen the whole remote working ebb and flow.

[Anonymous]

Anonymous wrote:I guarantee that in a couple of years, when the fear of the pandemic is gone, these companies will want their workers to travel more into the office. If you live in podunk, NE, where there aren't many flights out to the big airports, your travel/commute will suck.

I've worked for high tech companies for 20 years, and I've seen the whole remote working ebb and flow.

They also will fire you and who is going to hire you while you're based in Boise?

[Anonymous]

Anonymous wrote:I guarantee that in a couple of years, when the fear of the pandemic is gone, these companies will want their workers to travel more into the office. If you live in podunk, NE, where there aren't many flights out to the big airports, your travel/commute will suck.

I've worked for high tech companies for 20 years, and I've seen the whole remote working ebb and flow.

Same here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I guarantee that in a couple of years, when the fear of the pandemic is gone, these companies will want their workers to travel more into the office. If you live in podunk, NE, where there aren't many flights out to the big airports, your travel/commute will suck.

I've worked for high tech companies for 20 years, and I've seen the whole remote working ebb and flow.

They also will fire you and who is going to hire you while you're based in Boise?

^PP here... That's another consideration. If you lose your job for whatever reason, it will be harder to find jobs in the smaller cities. I'm not going anywhere. In a couple of years, the whole pandemic fear will die down. Companies will want their workers to come back, then what will you do? You will be priced out of the higher col areas even more. Once you leave a high col area, it's harder to move back.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:ITT: Terrified SFH owners in dense urban areas who are afraid they'll lose a lot of value in their homes once jobs decentralize and people flee high tax states/cities and high COL areas. Bring on the decentralization. Can't wait to leave this overpriced area with soul crushing traffic.

Lol! Basically the posters on here. Fuc&ed.

Pretty much. I’m noticing this too. That and the ones who bought expensive condos in the city. Yikes. Be prepared for your value to plummet in the next year.

LOL

Tech companies keep telling you - yeah you can remote, but you'll be poor. They're coming for benefits next. But please move - I'd love to see people stop complaining about the COL here.

Aw honey. So naive.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:ITT: Terrified SFH owners in dense urban areas who are afraid they'll lose a lot of value in their homes once jobs decentralize and people flee high tax states/cities and high COL areas. Bring on the decentralization. Can't wait to leave this overpriced area with soul crushing traffic.

Lol! Basically the posters on here. Fuc&ed.

Pretty much. I’m noticing this too. That and the ones who bought expensive condos in the city. Yikes. Be prepared for your value to plummet in the next year.

LOL

Tech companies keep telling you - yeah you can remote, but you'll be poor. They're coming for benefits next. But please move - I'd love to see people stop complaining about the COL here.

Aw honey. So naive.

I predicted this days before Zuckerberg announced it but keep poo-pooing. Cannot wait to see the uproar over the stock options being cut.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:ITT: Terrified SFH owners in dense urban areas who are afraid they'll lose a lot of value in their homes once jobs decentralize and people flee high tax states/cities and high COL areas. Bring on the decentralization. Can't wait to leave this overpriced area with soul crushing traffic.

Lol! Basically the posters on here. Fuc&ed.

Pretty much. I’m noticing this too. That and the ones who bought expensive condos in the city. Yikes. Be prepared for your value to plummet in the next year.

LOL

Tech companies keep telling you - yeah you can remote, but you'll be poor. They're coming for benefits next. But please move - I'd love to see people stop complaining about the COL here.

Aw honey. So naive.

I predicted this days before Zuckerberg announced it but keep poo-pooing. Cannot wait to see the uproar over the stock options being cut.

I don't think they will cut the stock options, but imagine how much these companies will also be saving in freebies and perks like free food and coffee.

I wfh before covid, so I'm on my own in terms of lunch. No more freebies now like I used to get. All those perks are gone. Still, for me, it works, but those perks were awesome and so convenient.

[Anonymous]

Funny enough the patent office examiners have one set pay scale that does not adjust for locality pay. So no matter where you move to your salary will remain the same if you're in DC or Iowa.

[Anonymous]

Out the door just went every tech bros dream of relocating. Can you imagine what would happen if you moved to Boise, Idaho and your salary was reduced to $80K?

Well, what if you wanted to move back to San Francisco for an awesome job opportunity or get a rental for your kid in college?

You might get the salary bump but you would never been able to afford the down payment for a mortgage and the banks looking over your finances in underwriting would deny your application so fast.

You move out of the Bay Area, you will never afford to get back even if you wanted to.

[Anonymous]

I am only moving out of this area if my current salary goes with me. I would then live small and save the rest and retire early.