“Large pools of talent”: Mark Zuckerberg touts remote-work plan

Facebook CEO announced last week that half of the company may move to remote work over the next decade

National /
May.May 28, 2020 10:45 AM

After announcing that Facebook will move toward more working from home, Mark Zuckerberg has detailed why the plan will work in his company’s favor.

“The biggest advantages I think are access to large pools of talent who don’t live around the big cities and aren’t willing to move there,” the CEO told Andrew Ross Sorkin during a segment of CNBC’s “Squawk Box” on Thursday. “And there are a lot of people in the U.S. and in Canada and ultimately around the world that I think we, and other companies that go in this direction, will be able to access.”

Zuckerberg informed Facebook’s 45,000 workers of the shift toward a distributed workforce last week. The move could see about half the company move to remote work over the next decade.

In addition to talent acquisition, Zuckerberg said he also believed the plan would benefit the environment by cutting out commuting, and foster stronger retention at the company because staff would no longer be limited to the cities where Facebook has offices.

He told CNBC that the company would first make the option of working from home available to more experienced employees, because younger employees benefited from in-office training.

In the case of very senior staff, he said it may not be realistic for them to go completely remote — and that included himself.

“I would anticipate that I’m going to spend more of my time working remotely than I did before, but I don’t think that it would be feasible for someone like me, or in a role like me, to just work remotely all the time,” he said.

Zuckerberg’s announcement could have major implications for the office industry in New York, where the company leases more than 1 million square feet of office space. It has also signed on for 1.5 million square feet in Hudson Yards, and is near a deal to lease Vornado Realty Trust’s Farley Post Office redevelopment.

Other companies, including Mastercard, have also signalled plans to reassess their physical footprints. [CNBC] — Sylvia Varnham O’Regan


Related Articles

arrow_forward_ios
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)
Facebook close to finalizing Hudson Yards office deal: report
Facebook close to finalizing Hudson Yards office deal: report
1333 South Congress Avenue in Austin, Texas and Tecovas CEO Paul Hedrick (Google Maps, Twitter)
These boots are made for lending
These boots are made for lending
Noel Quinn, chief executive, HSBC Group; renderings of 66 Hudson Blvd (HSBC, Tishman Speyer)
HSBC eyeing move to Tishman Speyer’s Spiral
HSBC eyeing move to Tishman Speyer’s Spiral
IBM, Franklin Templeton eyeing SL Green’s One Madison
IBM, Franklin Templeton eyeing SL Green’s One Madison
IBM, Franklin Templeton eyeing SL Green’s One Madison
Mark Zuckerberg (Getty Images, iStock)
Meta postpones office return
Meta postpones office return
Anthony Wood, chief executive officer, Roku, and 5 Times Square in Manhattan (Getty Images, Wikipedia/Eden, Janine and Jim, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
Roku racks up big lease at RXR’s 5 Times Square
Roku racks up big lease at RXR’s 5 Times Square
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...