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][quote=Anonymous]I am shocked at how many people don’t understand a COL adjustment.

This is OPTIONAL, and you have months to decide if you want to move.

It’s necessary for FB to take the locality pay seriously because there’s real tax implications for both employees and FB.

The argument that a the job is unchanged and thus the pay shouldnt change is beyond stupid. By that argument, anyone who is recruited from Omaha at $80K shouldn’t make a penny more if they live in SF.

FB engineers are well compensated and in demand; market forces will dominate. FB isn’t going to offer someone $70K to work in Virginia who makes $250K in SV. Two very simple reasons: (1) If they did, competitors would just scoop that talent up, and (2) If they did and no one took the offer, they’d save nothing.

This is win-win. Half of you people are insane. [/quote]

$250 in SV is likely south of $200 in the DMV. Nobody said it would be $80.

And come Jan 21, they’ll start RIF’ing people if they don’t meet their target. They aren’t doing this to promote remote work or work/life balance. Rather, it’s a strategic approach to look intentional to investors since a RIF now would tank their shares. [/quote]

Go back enough pages and people were absolutely arguing the comp would drop to $80.

If RIFS are in the cards, they’ll happen regardless. This seems like a way to try and help employees who don’t want to stay in SF. [/quote]

No one said $80K for D.C. Now if by the DMV you mean Richmond or west Sterling or you're talking Phoenix/Charlotte/Huntsville, yes your pay will absolutely did far down.[/quote]

I love all the people not in big tech talking about things they know nothing about. Facebook and Netflix are different kinds of companies than Amazon, Microsoft, Google. I have no idea what Facebook would do--and no one does--because they have no history of remote workers! But Microsoft, Google and Amazon do not lowball employees who don't work in tech hubs. Microsoft and Amazon have had employees in various cities for years, mostly for sales although not all, and they pay quite well. Google is branching out now because of cloud and will likely be increasing their presence in other cities. They look for people who are really good and will pay for it. Also, it's not as though a programmer (or anyone else with specific tech related skills) who is good at what they do would work for Facebook just because it's Facebook and wouldn't have other competing strong offers from various companies, local or remote.

Regardless of what Facebook does, Facebook is not indicative of ALL tech companies. Most big tech companies already have plenty of remote workers and pay them well. Facebook's business model does not need remote workers. [/quote]

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