Reply to Facebook announces that remote WFH employees will have salaries decreased to match local COL

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]FB attracts top notch software developers and trains them very well.  If they want to piss all that talent off by cutting their salaries in half (even for those who are just as or more productive while wfh), then I will happily hire them for my company.[/quote]

Please do. Hope you can afford a $350K software engineer + a 20% pay raise because obviously your company stock (if its even public) can't touch Facebook's in Sioux Fall, Idaho or wherever you are.[/quote]

You both sound ridiculous. FB isn't going to cut salaries by half. However, they will cut them. It will still be above the local market.

If the business-owning PP is in a smaller town, he may have the possibility of hiring the FB engineer if FB eventually goes through layoffs, though. There won't be as many competitors vying for remote talent. [/quote]

Bingo.  $350k in SF will turn into $230k for a "live anywhere" fully remote position.  Less pay than SF/LA/NYC but substantially above local market.  Companies who formerly dominated small markets will see upward comp pressure in order to keep their best people.  We're on the cusp of a huge change in the way global talent is distributed and compensated.  Exciting times.[/quote]

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