Facebook thinks 10,000 dollars will convince it’s employees to move closer to it’s Silicon Valley Headquarters.
The move is a reflection of the challenges many tech companies face in the increasingly expensive and congested San Francisco Bay area of California.
To qualify for the payment, which the social networking company started offering in the past 12 months, employees must buy or rent a home within 10 miles of the Facebook campus at One Hacker Way, a desolate strip of road overlooking a marsh about 30 miles south of San Francisco. Some have suggested the company might be looking to encourage people to spend more time in the office while also cutting the cost of its luxury bus service, whose drivers recently unionised.
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