- "We'll adjust salary to your location at that point," Zuckerberg said during a livestream, according to CNBC. "There'll be severe ramifications for people who are not honest about this."
- The potential salary adjustments for employees comes after the Facebook CEO predicted that 50% of the company could be working remotely in the next five to 10 years.
- Zuckerberg also announced the company will "aggressively" ramp up remote hiring in order to diversify the talent pool outside of those who were able to relocate to a big city.
- Visit Business Insider's homepage for more stories .
Facebook CEO Mark Zuckerberg said the company may adjust the salaries of employees moving out of Silicon Valley as it looks to create more remote roles, CNBC reported.
The salary adjustments would apply to potentially remote workers who are looking at living in areas with cheaper housing costs in comparison to Silicon Valley, which has one of the most expensive cost-of-living areas in the US.
"We'll adjust salary to your location at that point," Zuckerberg said during a livestream, according to CNBC. "There'll be severe ramifications for people who are not honest about this."
The salary adjustments comes after the Facebook CEO predicted that 50% of the company could be working remotely in the next five to 10 years. Zuckerberg announced that Facebook is going to "aggressively" ramp up remote hiring to diversify the talent pools at the company.
"When you limit hiring to people who either live in a small number of 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," he said.
The coronavirus pandemic has reshaped not only Facebook , but also the tech industry as a whole. Out of a survey of thousands of tech employees in the Bay Area, two out of three said they would consider working remotely if their company offered the opportunity.
"We're going to be the most forward-leaning company on remote work at our scale," Zuckerberg said.
NOW WATCH: Inside London during COVID-19 lockdown
- Michael Cohen is being released from prison due to COVID-19 and is expected to serve out the rest of his sentence under house arrest, according to report
- The coronavirus triggered 'sudden and devastating unemployment' among nannies, most of whom are women of color and their families' primary wage earners
- About 83% of US coronavirus deaths could have been avoided if lockdowns were imposed March 1, researchers estimate