Facebook employees to face pay cut if they move to cheaper areas

Facebook CEO Mark Zuckerberg has laid out a detailed remote-working plan to make half of his 50,000-strong workforce work from home by 2030, and employees who move to cheaper areas will face pay cut as salaries are based on cost of living in each location.

In a virtual town hall meeting with his employees, Zuckerberg said that Facebook employees who choose to relocate from the Silicon Valley may see a change in their salaries.

“That means if you live in a location where the cost of living is dramatically lower, or the cost of labor is lower, then salaries do tend to be somewhat lower in those places,” said Zuckerberg.