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Forum » Tech companies cut salaries for moving out of Bay Area
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Thread: Tech companies cut salaries for moving out of Bay Area

post 1619632651 10-17-2020, 12:50 PM
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Tech companies cut salaries for moving out of Bay Area

Tech companies are cutting employee salaries if those employees move out of the Bay Area.

https://www.businessinsider.com/tech...re-2020-9?op=1
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post 1619633711 10-17-2020, 01:02 PM
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Yeah, as they should.

It makes sense for a company to do a cost of living increase/decrease. The employee is still receiving the equivalent amount they had in the Bay, and probably in some instances coming out ahead.
post 1619634411 10-17-2020, 01:12 PM
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Totally worth it. For a techie making 200k in the bay, would much rather be in Dallas or Miami at 164k or in LA/SD for 184k then the bay.
post 1619634421 10-17-2020, 01:12 PM
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post 1619634811 10-17-2020, 01:16 PM
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Originally Posted By TugOfPeace⏩
I think it's fair to do it based on the market value of a similar role where they would live, but I don't think it's fair to do it because of taxes. Like if a person moved to texas, given that texas doesn't collect state income tax, a company shouldn't reduce an employee's pay by that amount
Agreed on the tax part. I don’t think it should be be adjusted to what the market value is for that role in the new area. I think it should be directly proportional to the cost of living. If you negotiated for a $100k in the Bay, then you should receive the $100k equivalent for the new location. Since the value of your work hasn’t decreased just the cost of living.

******** is capping the decrease to be 15%, which could be generous since in some instances the equivalent salary in the new location could well be under 15%.
post 1619635201 10-17-2020, 01:22 PM
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How does where you live affect the companies bottom line? Surely they pay you based on what you're worth, and how much you bring to the company? Moving 100 miles away suddenly makes you worth $20k less? Does not compute.
post 1619635521 10-17-2020, 01:24 PM
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Originally Posted By Chezdon⏩
How does where you live affect the companies bottom line? Surely they pay you based on what you're worth, and how much you bring to the company? Moving 100 miles away suddenly makes you worth $20k less? Does not compute.
US is much larger than your area yes it is reasonable. San Antonio is an hourish south of Austin and salaries are on average 20k lower.
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post 1619635661 10-17-2020, 01:26 PM
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lol if you don't keep your work computer at a m8s place in the bay and say you work from home there. Then remotely access said work computer from elsewhere.
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post 1619636101 10-17-2020, 01:32 PM
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Originally Posted By RobParks2M⏩
lol if you don't keep your work computer at a m8s place in the bay and say you work from home there. Then remotely access said work computer from elsewhere.
Do that and get caught and spend 10 years in a pound me in the ass prison for tax evasion.
post 1619636611 10-17-2020, 01:39 PM
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Originally Posted By Chezdon⏩
How does where you live affect the companies bottom line? Surely they pay you based on what you're worth, and how much you bring to the company? Moving 100 miles away suddenly makes you worth $20k less? Does not compute.
It doesn't, and especially with most tech offices not opening back up until maybe 2021, this is just a way to cut salaries in general. I'm not in tech but I'd be livid if some ditzy admin made more than me all because she chose to stay in SF.
post 1619636661 10-17-2020, 01:40 PM
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Originally Posted By cncman⏩
US is much larger than your area yes it is reasonable. San Antonio is an hourish south of Austin and salaries are on average 20k lower.
Yes but it's more nuanced than that. Can't be bothered to go into it but basically having x as your salary and then moving away to have it decreased is not that same as living in a certain city and having x salary.
post 1619636791 10-17-2020, 01:41 PM
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Originally Posted By Chezdon⏩
How does where you live affect the companies bottom line? Surely they pay you based on what you're worth, and how much you bring to the company? Moving 100 miles away suddenly makes you worth $20k less? Does not compute.
This

Lol at people saying it makes sense

It actually makes no sense. Are you not performing the same job for them? Then how has your value decreased to them?
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post 1619636981 10-17-2020, 01:43 PM
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Originally Posted By SoutheastBeast1⏩
This

Lol at people saying it makes sense

It actually makes no sense. Are you not performing the same job for them? Then how has your value decreased to them?
Not arguing they should, just that its standard. Cost of living is lower and the value of the dollar relative to the worker has increased. Obviously its unchanged with the company.
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post 1619637031 10-17-2020, 01:44 PM
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Originally Posted By cncman⏩
US is much larger than your area yes it is reasonable. San Antonio is an hourish south of Austin and salaries are on average 20k lower.
That’s not his question retard.
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post 1619637141 10-17-2020, 01:45 PM
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Yea but look at it the other way. The only reason they are paying enormous salaries in the bay is because the sky high cost of living. If they werent in the bay there is no way they would be giving those enormous salaries. No one is being forced to take a pay cut. Look at salaries in Austin Texas compared to the Bay right now. THey are WAY lower than Bay area counterparts. The 18% drop they are introducing is a step up.

Originally Posted By SoutheastBeast1⏩
This

Lol at people saying it makes sense

It actually makes no sense. Are you not performing the same job for them? Then how has your value decreased to them?
post 1619637231 10-17-2020, 01:46 PM
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18% is still in the US. Dont think they are allowing international at this time. Otherwise that would be an incredible deal. Make 200k in Columbia lol.
Originally Posted By Rumpraider86⏩
18% pay cut means nothing when you can live in a third world country and get your dick sucked for a nickel it's not even close.
post 1619637281 10-17-2020, 01:47 PM
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Originally Posted By Chezdon⏩
How does where you live affect the companies bottom line? Surely they pay you based on what you're worth, and how much you bring to the company? Moving 100 miles away suddenly makes you worth $20k less? Does not compute.
This.

smh
post 1619637631 10-17-2020, 01:52 PM
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Originally Posted By TugOfPeace⏩
It's based on market value of the location you're working in.

Think about it, if the standard market value for a job is $200k in SF, and you hire someone for $200k who is local, then they decide to move somewhere else where the same exact job would pay $100k, why would you continue paying them $200k?

The job is worth $200k because of the cost to live in SF. The job is not worth $200k because of the difficulty of the job.

If that doesn't make sense, I like to think of it this way; if I wanted to hire an employee from Dallas as a remote worker, would I pay him a $200k SF salary, or would I pay him a competitive salary for the location he's in?

If he could only make $100k in Dallas given his qualifications, and he's not willing to relocate, wouldn't it be better for me as an employer to offer him $105k since he can't get that in Dallas? Why would I give him $200k in Dallas when he can only break $100k working locally?
So because ******** and Twitter still make billions of dollars a year and pay you $150,000 to live in San Francisco and scrape by in a tiny studio and you decide to move two and a half hours away but still work for the same company in the same capacity while they still make the same amount of money you deserve less?
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post 1619637751 10-17-2020, 01:53 PM
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Originally Posted By MuscleXtreme⏩
Do that and get caught and spend 10 years in a pound me in the ass prison for tax evasion.
How you figure?


Crazy how few ITT understand how outsourcing works lmaooo
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post 1619637771 10-17-2020, 01:54 PM
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Originally Posted By TugOfPeace⏩
It's based on market value of the location you're working in.

Think about it, if the standard market value for a job is $200k in SF, and you hire someone for $200k who is local, then they decide to move somewhere else where the same exact job would pay $100k, why would you continue paying them $200k?

The job is worth $200k because of the cost to live in SF. The job is not worth $200k because of the difficulty of the job.

If that doesn't make sense, I like to think of it this way; if I wanted to hire an employee from Dallas as a remote worker, would I pay him a $200k SF salary, or would I pay him a competitive salary for the location he's in?

If he could only make $100k in Dallas given his qualifications, and he's not willing to relocate, wouldn't it be better for me as an employer to offer him $105k since he can't get that in Dallas? Why would I give him $200k in Dallas when he can only break $100k working locally?
Yes obviously people are WILLING to do these jobs when in a lower cost of area living.

Some of you are missing the point.

Clearly the company is profitable paying these salaries though. And it’s worth it to pay these employees this or they wouldn’t offer it in spite of being based in SF.

They’d move the company out of SF if that was an issue.


So again, how is the employee worth less by living elsewhere. No sh*t the company wants to take advantage of that because that’s the standard. That is not the question though. The job being performed should have a certain value to the company, location irrelevant

All this does is highlights companies absolutely could be paying employees more, and often would be willing to pay them more, but if they can get some schlub for peanuts they’ll take it

Just the corporate way. Don’t ever think these companies care about you or else they wouldn’t be cutting your pay because you moved.
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post 1619638061 10-17-2020, 01:58 PM
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Originally Posted By TugOfPeace⏩
It's based on market value of the location you're working in.

Think about it, if the standard market value for a job is $200k in SF, and you hire someone for $200k who is local, then they decide to move somewhere else where the same exact job would pay $100k, why would you continue paying them $200k?

The job is worth $200k because of the cost to live in SF. The job is not worth $200k because of the difficulty of the job.

If that doesn't make sense, I like to think of it this way; if I wanted to hire an employee from Dallas as a remote worker, would I pay him a $200k SF salary, or would I pay him a competitive salary for the location he's in?

If he could only make $100k in Dallas given his qualifications, and he's not willing to relocate, wouldn't it be better for me as an employer to offer him $105k since he can't get that in Dallas? Why would I give him $200k in Dallas when he can only break $100k working locally?
I understand the reasoning behind this, it's pretty obvious, but the other side of this is it's really petty and cheap for a company to do this. They're already paying you $200k, and if anything it's much cheaper for them to have you working from home, as they can now eliminate expensive leases on buildings, or sell them outright. To go after its workers with this kind of BS is ridiculous. It shouldn't matter at that point if you're in a log cabin in Montana, or in the middle of Manhattan as far as the company's concerned, but it's what always ends up happening. And it's not even like 200k is that high of a salary for someone at the absolute top end of their field, and these are companies that are worth more money than the treasury could print.
post 1619638221 10-17-2020, 02:01 PM
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Originally Posted By SoutheastBeast1⏩
Don’t ever think these companies care about you or else they wouldn’t be cutting your pay because you moved.
Yeah, that'd be retarded to think. Everyone is replaceable.
post 1619638391 10-17-2020, 02:04 PM
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Originally Posted By SoutheastBeast1⏩
Yes obviously people are WILLING to do these jobs when in a lower cost of area living.

Some of you are missing the point.

Clearly the company is profitable paying these salaries though. And it’s worth it to pay these employees this or they wouldn’t offer it in spite of being based in SF.

They’d move the company out of SF if that was an issue.


So again, how is the employee worth less by living elsewhere. No sh*t the company wants to take advantage of that because that’s the standard. That is not the question though. The job being performed should have a certain value to the company, location irrelevant

All this does is highlights companies absolutely could be paying employees more, and often would be willing to pay them more, but if they can get some schlub for peanuts they’ll take it

Just the corporate way. Don’t ever think these companies care about you or else they wouldn’t be cutting your pay because you moved.
public companies owe it to shareholders by law to make as much money as possible. That includes keeping wages low as possible while still creating value.
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post 1619638411 10-17-2020, 02:04 PM
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In the UK wage reductions on a signed contract of employment can’t legally be forced through.

Where you choose to live has **** all to do with the company you work for as long as you still fulfil your side of agreed terms and conditions
post 1619638451 10-17-2020, 02:05 PM
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Those that are arguing that salaries shouldn't be adjusted is basically saying that minimum wage should be the same across states because it's the same type of work...
post 1619638471 10-17-2020, 02:05 PM
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Originally Posted By SoutheastBeast1⏩
This

Lol at people saying it makes sense

It actually makes no sense. Are you not performing the same job for them? Then how has your value decreased to them?
Cost of living absolutely impacts the value of a position if part of the position requirements are to come into the office periodically. That requires you to live in the area as part of the value you're providing over a remote employee.

If you no longer physically come into the office you aren't going to be paid enough to live in the local area, as that's no longer part of your responsibility.
post 1619638691 10-17-2020, 02:09 PM
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Originally Posted By Chezdon⏩
How does where you live affect the companies bottom line? Surely they pay you based on what you're worth, and how much you bring to the company? Moving 100 miles away suddenly makes you worth $20k less? Does not compute.
It's the same thing in the UK. Engineers in Manchester or Bristol aren't 20,30% less 'valuable' than they are in London. You're paid what you will accept more than what you're worth.
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post 1619638801 10-17-2020, 02:11 PM
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Originally Posted By Slayermanlet⏩
It's the same thing in the UK. Engineers in Manchester or Bristol aren't 20,30% less 'valuable' than they are in London. You're paid what you will accept more than what you're worth.
Not the same as happening here. I could work in London and live in Lincolnshire. And do a 4 hour commute everyday. And earn a London wage while having Lincolnshire cost of living and it would be nothing to do with the company i work for
post 1619638991 10-17-2020, 02:13 PM
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They want people to move to places like Austin where they can pay lower salaries. The Bay Area is too expensive.
post 1619639821 10-17-2020, 02:25 PM
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Originally Posted By TugOfPeace⏩
Complaining about this kind of thing is as useless as complaining about female hypergamy; you can't change it, just gotta accept it.

I don't agree that the money doesn't mean much for companies, you'd be surprised when you look at the detailed financials of these companies what it takes to really continue to innovate and keep the company going.
LOL if they were paying people $1 an hour you could make the same argument about complaining. Idk why so many people on this website always put themselves in the shoes of a fortune 100 company and argue from their perspective as if it were so enlightening.
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