This is one of the things that's always bothered me. Let's say you hire me for your company in San Francisco and pay me $150K. You've made a calculation: my value to the company is greater than $150K, and $150K is a price you're willing to pay to leverage that value. In other words, the company will (eventually) make more than $150K per year off my contributions to the company. But now if I decide to move to Tulsa, O…
Zuckerberg says employees moving out of Silicon Valley may face pay cuts
11–20 of 233 posts
Re: Zuckerberg says employees moving out of Silicon Valley may face pay cuts
#12Re: Zuckerberg says employees moving out of Silicon Valley may face pay cuts
#13This is one of the things that's always bothered me. Let's say you hire me for your company in San Francisco and pay me $150K. You've made a calculation: my value to the company is greater than $150K, and $150K is a price you're willing to pay to leverage that value. In other words, the company will (eventually) make more than $150K per year off my contributions to the company. But now if I decide to move to Tulsa, O…
one could argue this is how you make your own purchasing decisions.
now, with remote workers, this becomes interesting and not as clear cut.
i'm not making a judgement on whether this is fair or not (that's a whole other topic), but rather just pointing out how the calculus is generally made today.
Re: Zuckerberg says employees moving out of Silicon Valley may face pay cuts
#14In other words you can work remotely but stay close to home base? Imagine how a Facebook developer could live in a place like Detroit or New Orleans? Have you seen the house you can buy for under a $1 million in Detroit! https://detroit.curbed.com/maps/most-expensive-homes-sold-de...
Re: Zuckerberg says employees moving out of Silicon Valley may face pay cuts
#15People should be warned that working remotely has been career suicide for as long as I've been in tech. Being "out of sight, out of mind" from management generally means you're passed over for promotions, and often the first to get cut during layoffs. It's just human nature. It's easier to layoff the person that's been working from across the country (or another country) than it is to layoff the person at the desk ne…
Re: Zuckerberg says employees moving out of Silicon Valley may face pay cuts
#16This is one of the things that's always bothered me. Let's say you hire me for your company in San Francisco and pay me $150K. You've made a calculation: my value to the company is greater than $150K, and $150K is a price you're willing to pay to leverage that value. In other words, the company will (eventually) make more than $150K per year off my contributions to the company. But now if I decide to move to Tulsa, O…
> Likewise, Twitter and Facebook will be competing against each other in the lower COL areas like Oklahoma!
The market should recover when this new reality matures. Lots of engineers are currently willing to relocate and the current market is still incredibly competitive. Good talent is hard to find and easy to lose. That will not change.
Re: Zuckerberg says employees moving out of Silicon Valley may face pay cuts
#17People should be warned that working remotely has been career suicide for as long as I've been in tech. Being "out of sight, out of mind" from management generally means you're passed over for promotions, and often the first to get cut during layoffs. It's just human nature. It's easier to layoff the person that's been working from across the country (or another country) than it is to layoff the person at the desk ne…
Re: Zuckerberg says employees moving out of Silicon Valley may face pay cuts
#18Re: Zuckerberg says employees moving out of Silicon Valley may face pay cuts
#19This is one of the things that's always bothered me. Let's say you hire me for your company in San Francisco and pay me $150K. You've made a calculation: my value to the company is greater than $150K, and $150K is a price you're willing to pay to leverage that value. In other words, the company will (eventually) make more than $150K per year off my contributions to the company. But now if I decide to move to Tulsa, O…
Re: Zuckerberg says employees moving out of Silicon Valley may face pay cuts
#20Are they right to do this, given that it's probably a contributing factor to increased rents? Probably not. But I bet it was negotiated with the cities to try and reduce emissions and parking requirements, too.