SILICONE VALLEY CUTS WAGES

SILICONE VALLEY CUTS WAGES TO REMOTE WORKERS
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SILICONE VALLEY CUTS WAGES TO REMOTE WORKERS

VMware Cuts Pay for Remote Workers Fleeing Silicon Valley
Twitter among the tech companies localizing wages after moves

Facebook, ServiceNow may alter pay if workers leave Bay Area

VMware Inc. employees who take up the company’s offer to become permanent remote workers will get a pay cut,

If they move from Silicon Valley, one of the nation’s most costly areas to live, to a less-expensive city.

The software maker has joined technology companies such as Facebook Inc. and Twitter Inc.

In letting some of its office staff choose to permanently work from home in the wake of the coronavirus pandemic.

But employees who worked at VMware’s Palo Alto, California, headquarters and go to Denver, for example,

Must accept an 18% salary reduction, people familiar with the matter said.

Leaving Silicon Valley for Los Angeles or San Diego means relinquishing 8% of their annual pay,

Said the people, who asked not to be identified discussing internal policies.

Facebook and Twitter are among the other technology companies that have put in place or are considering similar pay policies.

A Twitter spokesman said the company has a “competitive” approach to localizing compensation,

While Facebook has publicly said it may cut employees’ salaries depending on where they choose to move.

VMware’s senior vice president of human resources, Rich Lang, said……


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