Remote tech workers are likely saving their companies money -- so why are some of them facing pay cuts?
Google staffers could see pay cuts if they choose to work remotely and live in areas with lower costs of living than their former offices. The company has released an internal calculator for staff which was seen by Reuters, showing the pay cuts employees can expect based on where they live. Other tech companies have also reduced the salaries of employees working from home in more affordable areas, according to the report. For example, a Google employee working remotely in Lake Tahoe would, according to Reuters, take a 25% pay cut for not working in San Francisco, even though the cost of living in some places in Tahoe are nearly as expensive. The Reuters article also points out that a staffer working remotely from Stamford, Connecticut, would take a 15% pay cut for not working in the New York City office.
View the full story here: https://www.cnn.com/2021/08/13/opinions/tech-companies-cutting-staffers-salary-outrageous-move-alaimo/index.html