Facebook Expects Half Of Its Workforce To Be Remote By 2030
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.
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.
“We’re going to be the most forward-leaning company on remote work at our scale,” Zuckerberg said in an interview with the Verge.
“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.
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.“
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.
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.