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Facebook expects half of employees to work remotely over next 5-10 years Facebook expects half of employees to work remotely over next five to 10 years
(about 1 hour later)
Mark Zuckerberg said the company will permanently embrace remote work even after lockdowns lift Mark Zuckerberg says company will embrace permanent remote work after lockdowns lift
Facebook will permanently embrace remote work even after coronavirus lockdowns ease, CEO Mark Zuckerberg told employees on Thursday, accelerating the tech sector’s geographic diversification away from its home in Silicon Valley. Facebook will permanently embrace remote work, even after coronavirus lockdowns ease, Mark Zuckerberg told employees on Thursday, accelerating the tech sector’s geographic diversification away from its home in Silicon Valley.
Zuckerberg said the world’s largest social network would start “aggressively opening up remote hiring”, expecting that about half its workforce would work remotely over the next five to 10 years. The CEO said the world’s largest social network would start “aggressively opening up remote hiring”, expecting that about half its workforce would work remotely over the next five to 10 years.
The company would take a more “measured approach” with existing employees based on job function and past performance, he said, and set a 1 January 2021 deadline for staff to update the company on their new locations. “We’re going to be the most forward-leaning company on remote work at our scale,” Zuckerberg said in an interview with the Verge.
Facebook, which has already said it will stick to plans to hire 10,000 engineers and product employees this year, will also build three new “hubs” in Atlanta, Dallas and Denver where remote workers in those areas could occasionally meet. “We need to do this in a way that’s thoughtful and responsible, so we’re going to do this in a measured way. But I think that it’s possible that over the next five to 10 years – maybe closer to 10 than five, but somewhere in that range – I think we could get to about half of the company working remotely permanently.”
The company would take a more “measured approach” with existing employees based on job function and performance, he said, and set a 1 January 2021 deadline for staff to update the company on their new locations.
The news follows an announcement this week that the company plans to limit offices to 25% capacity, stagger employees on multiple shifts and institute mandatory temperature checks when employees return to some of its workplaces in July.
Facebook, with its more than 48,000 employees working in 70 offices across the globe, is so far the largest tech company to embrace long-term or permanent remote work in response to coronavirus pandemic.
Earlier this month, Twitter’s CEO, Jack Dorsey, announced that employees would be able to work from home “forever”. A week later, he extended the same offer to employees at Square, making Twitter and Square the first major tech companies to permit remote work indefinitely. Amazon extended its work-from-home policy until at least early October.
Facebook said it would move forward with plans to hire 10,000 engineers and product employees this year and would build three new “hubs” in Atlanta, Dallas and Denver where remote workers in those areas could occasionally meet.
“These aren’t necessarily offices,” Zuckerberg said, although the company would probably create “some kind of physical space” to accompany them. “The idea for these hubs is that we want to create scale. We want to focus the recruiting energy in some cities where we can get to hundreds of engineers.““These aren’t necessarily offices,” Zuckerberg said, although the company would probably create “some kind of physical space” to accompany them. “The idea for these hubs is that we want to create scale. We want to focus the recruiting energy in some cities where we can get to hundreds of engineers.“
He predicted some cost savings related to real estate, food and labor costs, as sky-high compensation packages common in Silicon Valley will be adjusted if Facebook employees opt to live in less-pricey regions. He predicted some cost savings related to real estate, food and labor costs, as sky-high compensation packages common in Silicon Valley would be adjusted if Facebook employees opted to live in less-pricey regions.
The move follows a similar announcements earlier this month by social media rival Twitter and payments company Square, which were the first major tech companies to permit remote work indefinitely. But the overall effect on costs was unclear, Zuckerberg said; savings could be offset by additional costs related to travel and technologies associated with setting up home offices.
Facebook is a much larger company, however, and its decision is likely to have a more pronounced impact on the sector’s work culture. The shift has the potential to change the complexion of Silicon Valley. Until recently, the company offered new hires up to $15,000 if they agreed to move within 10 miles of the company’s flagship campus in Menlo Park, with some of the most expensive real estate in the country.
The effect on costs is unclear, Zuckerberg said, as savings will be partially offset by additional costs related to travel and technologies associated with setting up home offices. A permanent work-from-home policy could encourage more employees to live in more affordable locations outside the high-priced Bay Area.