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Thursday, March 4, 2021

Work from home is great… until they cut your wages by 18%

Twitter, Facebook and VMWare cut wages

Bloomberg reports that Twitter and VMWare are cutting wages for workers that are leaving the San Francisco area to work remotely from cheaper areas.

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WMWare has given workers the option to work remotely permanently but only if they take an 18% cut in salary.

The report says Twitter and Facebook have set up or are looking at similar policies.

If there is a long-term trend towards work-from-home, that’s also a trend towards lower salaries in what might be a significant headwind to inflation.

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