#1. Facebook’s salary-by-location move could set precedent for tech
Up to half of Facebook’s workforce can continue to work from home, but salaries may be adjusted for the cost of living, almost certainly meaning pay cuts for those moving out of Palo Alto. Facebook CEO Mark Zuckerberg warned staff on transparency on this video message: “We’ll adjust salary to your location. There’ll be severe ramifications for people who are not honest about this”. So where might Facebook employees choose to set up home? With destinations like Barbados, Georgia or Bermuda launching programs to attract remote workers, they might be an option. Read more about Facebook’s salary-by-location move in this Financial Times article.