Unpopular opinion - if you can simply move or work while traveling as an IC - you are not an essential worker for your company. The big productivity culling is coming, overhiring was so easy, all seemed justified. Careful of marking yourself as replaceable with remote labor. You might not like just how remote management will go :)
In earnest, whom did you actually envision to be "essential" then?
What will probably happen is the company will want to lower the workers salary based on the local market that the IC is operating in. If you aren't trying to wage arb, then you could keep your job, and potentially be happy.