Facebook CEO Mark Zuckerberg said he predicts that 50 percent of the company’s employees could be working remotely within the next 5 to 10 years.
The CEO 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 5 to 10 years. We are going to be the most forward-leaning company on remote work at our scale.”
Zuckerberg made his prediction to his employees on his weekly livestream. During the session he told the employees that this decision of remote working will help the company improve its employee retention. He further claimed that this move will allow Facebook to hire talented people that in the past wouldn’t think about moving to big cities to work for the tech giant. He also felt that this decision will allow Facebook to improve diversity of the company’s workforce and spread economic opportunity across more places around the globe.
During the livestream session Zuckerberg also said, “When you limit hiring of people who either live in a small numbers in big cities or are willing to move there, that cuts out a lot of people who live in different communities, different backgrounds or may have different perspectives.”
As per the notification issued the company will allow certain employees to work remotely full time. The employees will have to notify the company if they want t to move to a different location by January 1, 2021. However, those employees may have salary cuts or their compensations adjusted based on their new locations.
Zuckerberg said, “We’ll adjust salary to your location at that point. There’ll be severe ramifications for people who are not honest about this.” He cited that this was necessary for taxes and accounting.
To start with, Facebook will allow existing employees to request permanent remote work if they meet specific criteria set by the company. This list will cover up experienced employees, strong performing employees, and employees that support remote work.
Facebook said it would move forward with plans to hire 10,000 engineers and product employees this year and would build three new office hubs in Atlanta, Dallas and Denver where these remote workers in those areas could occasionally meet.
Zuckerberg said, “We need to do this in a measured way. But I think that it’s possible that over the next 10 years we could get to about half of the company working remotely permanently.”
This step of working remotely came after the company made announcement this week over Covid-19 safety measures that it plans to limit offices to 25 percent capacity, have employees on multiple shifts and carry our mandatory temperature checks and other health measures when employees return to workplaces in July.
Facebook, with more than 48,000 employees working in 70 offices all over the world, is so far considered to be the largest tech firm to carry out long-term or permanent remote work in response to Covid-19 pandemic.
Facebook is the latest company to announce a decision to continue supporting remote work. Before Facebook similar decisions have been taken into consideration by companies like Twitter, Square and Shopify.