Facebook is offering employees at least $10,000 to move closer to the office, according to Reuters.
To get the one-time bonus, they have to buy or rent a place within 10 miles of the headquarters, which are located about 30 miles south of San Francisco. For families with kids, the bonus can be as much as $15,000, Facebook employees said of the policy, which was put in place about a year ago.
The company has famously been at the forefront of engineering a new wave of employee benefits, like 17 weeks of paid parental leave and a corporate "campus" laid out like a small city with a doctor's office, restaurants, communal bikes, and even a dry cleaner. And cutting a long commute to get there could be a big perk for some employees. (And, of course, could mean potential extra man hours for Facebook.)
"Our benefits at Facebook are designed to support our employees and the people who matter most to them at all stages of life," a Facebook spokesman said.
Many Silicon Valley employees live in San Francisco and take shuttles to the office and back. Facebook, along with Google and Apple, load up the company-specific, wi-fi-enabled buses starting at 6 a.m., and the commute takes up to 90 minutes. (It's worth noting that the bus drivers unionized in February and are therefore able to demand higher wages from Facebook. This could explain—along with gas costs and emissions concerns—why Facebook wants to incentivize employees away from using this service.)
A photo posted by on
Addepar, another Silicon Valley company, implemented a similar program, offering hundreds in bonuses to employees who moved nearby.
"Not having a long commute makes a huge positive impact on maintaining a healthy work-life balance," Lissa Minkin, the company's "vice president of people," told Reuters.
Still, others worry this could just mean more work. And not all the locals in nearby neighborhoods are happy about the influx of techies, which has lead to more expensive rents. "We're dealing with a huge displacement of lower-income individuals," Tom Myers, executive director of the Community Services Agency in Mountain View, told Reuters.
Either way, there will surely be lots of comments about the new status of the neighborhood. (Sorry/had to.)
Follow Marie Claire on Instagram for the latest celeb news, pretty pics, funny stuff, and an insider POV.
Kate Storey is a contributing editor at Marie Claire and writer-at-large at Esquire magazine, where she covers culture and politics. Kate's writing has appeared in ELLE, Harper's BAZAAR, Town & Country, and Cosmopolitan, and her first book comes out in summer 2023.
The Best Face Masks for Every Skin Type and Concern
Oily skin? Need a glow? Want hydration? We have you covered.
By Samantha Holender
Is the Humble Bar of Soap the Future of Beauty?
Bars, powders, and concentrates are the beauty world’s latest obsession. Here's why everyone's going "waterless."
By Deanna Pai
Laptop Backpacks That Provide Both Fashion and Function
Stylish, take-anywhere backpacks that fit your laptop (and everything else, too).
By Julia Marzovilla
This Mutual Fund Firm Is Helping to Create a More Sustainable Future
Amy Domini and her firm, Domini Impact Investments LLC, are inspiring a greater and greener world—one investor at a time.
Power Players Build on Success
"The New Normal" left some brands stronger than ever. We asked then what lies ahead.
By Maria Ricapito
Don't Stress! You Can Get in Good Shape Money-wise
Yes, maybe you eat paleo and have mastered crow pose, but do you practice financial wellness?
By Sallie Krawcheck
The Book Club Revolution
Lots of women are voracious readers. Other women are capitalizing on that.
By Lily Herman
The Future of Women and Work
The pandemic has completely upended how we do our jobs. This is Marie Claire's guide to navigating your career in a COVID-19 world.
By Megan DiTrolio
Black-Owned Coworking Spaces Are Providing a Safe Haven for POC
For people of color, many of whom prefer to WFH, inclusive coworking spaces don't just offer a place to work—they cultivate community.
By Megan DiTrolio
Where Did All My Work Friends Go?
The pandemic has forced our work friendships to evolve. Will they ever be the same?
By Rachel Epstein
Your (Not So Official) Guide to Returning to the Office
Allow us to help you you figure out work attire, meetings, and how to get through a conversation with that guy from marketing without letting on that you forgot his name (I want to say it’s...“Rod”? “Rob?” “Rorb?” It’ll come to me eventually.)
By Gabrielle Moss