Facebook CEO Zuckerberg Announces Permanent Remote Work Option For Employees
Facebook CEO Mark Zuckerberg said Thursday that the social media company will allow permanent remote work for many of its existing employees and "aggressively open up" remote hiring -- adding to a growing list of businesses and enterprises adopting long term work-from-home policies in the wake of the coronavirus pandemic.
"I think we are going to be the most forward-leaning company on remote work, at our scale for sure," Zuckerberg said. "But we will do this in a way that is measured and responsible and phased over time."
Zuckerberg expects that about 50% of Facebook's workforce will work remotely within the next five to 10 years.
"That is not a target or a goal, but as we see the demand for remote work, coupled with aggressive remote hiring, I think it is quite possible that is where we will be," Zuckerberg said.
Also: Life after lockdown: Your office job will never be the same - here's what to expect
Facebook had already told all of its staff that they could work from home through the end of this year, and potentially longer if the coronavirus pandemic resurges in the fall.
In the near term, the company will open up remote hiring in the US and Canada, a move that Zuckerberg said will significantly expand Facebook's recruiting ability and access to talent.
"It doesn't seem that good to constrain hiring to people who live around offices," Zuckerberg said. "Right now we are doing well recruiting in small hubs, but being able to recruit more broadly is going to open a lot of new talent that maybe wouldn't have considered moving to a big city. It's also going to help us retain some important talent."
Facebook will focus on building remote work hubs in Atlanta, Dallas and Denver. More immediately, the company will work to hire experienced engineers who live within a certain distance -- say a one to four hour drive -- from the cities where it has existing engineering offices, such Portland, San Diego, Philadelphia and Pittsburgh.
The company will also work to figure out which roles are best suited for remote work long term, and will follow up with a list on those roles within the coming weeks and months.
Zuckerberg's announcement marks a major shift for the historically office-centric company, and it's indicative of a broader trend in business overall. The novel coronavirus pandemic has dramatically changed the vision for the future of work, with many companies committing to long term remote work policies to ensure the safety and stability of its workforce. E-commerce software giant Shopify also announced Thursday that it will become a "digital by default" company, with most of its employees permanently working remote.
"Until recently, work happened in the office," Shopify CEO Tobi Lutki said in a series of tweets. "We've always had some people remote, but they used the internet as a bridge to the office. This will reverse now. The future of the office is to act as an on-ramp to the same digital workplace that you can access from your #WFH setup."
Reassessing AI Investments: What The Correction In US Megacap Tech Stocks Signals
The recent correction in US megacap tech stocks, including giants like Nvidia, Tesla, Meta, and Alphabet, has sent rippl... Read more
AI Hype Meets Reality: Assessing The Impact Of Stock Declines On Future Tech Investments
Recent declines in the stock prices of major tech companies such as Nvidia, Tesla, Meta, and Alphabet have highlighted a... Read more
Technology Sector Fuels U.S. Economic Growth In Q2
The technology sector played a pivotal role in accelerating America's economic growth in the second quarter of 2024.The ... Read more
Tech Start-Ups Advised To Guard Against Foreign Investment Risks
The US National Counterintelligence and Security Center (NCSC) has advised American tech start-ups to be wary of foreign... Read more
Global IT Outage Threatens To Cost Insurers Billions
Largest disruption since 2017’s NotPetya malware attack highlights vulnerabilities.A recent global IT outage has cause... Read more
Global IT Outage Disrupts Airlines, Financial Services, And Media Groups
On Friday morning, a major IT outage caused widespread disruption across various sectors, including airlines, financial ... Read more