VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
finance.yahoo.com
VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
1–10 of 26 posts
Re: VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
#2As someone who lives near Pittsburgh with a reasonable salary and knows what Silicon Valley/NYC salaries are usually, I am not that upset about it.
Re: VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
#3meh.
If your cost of life gets more than 18% cheaper by moving somewhere else, one could seriously consider taking the hit.
And that one probably should. If anything, you'll get those money back in the next job hopping session.
But now you're permanently remote and can use that as leverage in your next job offer negotiations.
Re: VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
#4As someone who lives near Pittsburgh with a reasonable salary and knows what Silicon Valley/NYC salaries are usually, I am not that upset about it.
worth adding (numbeo comparison): https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou...
Re: VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
#5I thought people in SV are paid what they're paid because they're uniquely qualified and productive, making their employers extremely profitable, or salable.
Is that no longer true when they don't sit in a SV chair?
Re: VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
#6This one is a tough problem. On one side, I am in support of Silicon Valley pay being distributed across the entire US instead of being concentrated all in one place.
On the other hand, I don't like economies in small localities being disrupted because one person ends up getting a pay SO MUCH higher than majority of his neighbors for from revenue that is not sourced from the employee's home town.
Maybe the market should let it play out as it does. But at the end of the day, the tech bosses are the real winners when employees' pay get cut. And that is a net negative for all.
Re: VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
#7I thought people in SV are paid what they're paid because they're uniquely qualified and productive, making their employers extremely profitable, or salable. Is that no longer true when they don't sit in a SV chair?
> I thought people in SV are paid what they're paid because they're uniquely qualified and productive, making their employers extremely profitable, or salable.
Yes. And on top of a salary like that they get some additional pay if they happen to live where it's unusually expensive.
If the employee moves elsewhere and only nominally works at the same office, the employer of course doesn't want to pay extra (and they are right because they can find a replacement by sourcing cheaper offers from the same or similar time zone across both Americas).
Re: VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
#8This one is a tough problem. On one side, I am in support of Silicon Valley pay being distributed across the entire US instead of being concentrated all in one place. On the other hand, I don't like economies in small localities being disrupted because one person ends up getting a pay SO MUCH higher than majority of his neighbors for from revenue that is not sourced from the employee's home town. Maybe the market sho…
An argument for higher corporate and (progressive) personal income tax rates.
Re: VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
#9So they are cutting payroll costs in a down economy. VMWare is just using this excuse because they think their workers will tolerate it.
HR is a cold calculation, and people forget HR's primary (and second and third) priority is to serve the company.
Re: VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
#10if the work can be done from anywhere in the country, how about doing it from anywhere in the world?