BUSINESS
With remote work plan, Facebook dashes hopes of paycheck arbitrage
BUSINESS

With remote work plan, Facebook dashes hopes of paycheck arbitrage

Published: May 22, 2020  |  3 min read, 520 words
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United States SAN FRANCISCO (Reuters) - With Facebook’s adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley’s biggest companies from the place that incubated it. But he also dashed a Silicon Valley dream: that tech workers would be able to take their generous salaries with them as they flee the Bay Area’s crushing housing costs, dirty sidewalks and crowded roadways. As lockdowns dragged into their third month, message boards popular with well-paid tech workers have lit up with fantasies of working long-term from tropical... READ MORE
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