Tech companies are starting to let their employees work from anywhere — as long as they take a lower salary
Software firm VMware will start cutting pay for employees who leave Silicon Valley, according to a recent Bloomberg report.
While employees can work remotely on a permanent basis, they could face an 18% pay cut for moving to a city like Denver, Bloomberg reports.
VMware isn't the only company reconsidering employee pay. Facebook will start adjusting salaries in January based on where employees live, according to The New York Times.
Twitter has had a pay localization policy in place for years as part of a broader push to decentralize its workforce.