Facebook Inc. (FB) Chief Executive Mark Zuckerbergexpects that as much as half of Facebook's workforce will work from home within 10 years ( ), according to The Wall Street Journal, which conducted an interview with Zuckerberg before he outlined a plan to employees about the future of the company's remote-work policies. The Wall Street Journal story said that Facebook will initially make changes to remote-work policies for senior engineers in the U.S. before eventually extending the policies beyond the engineering team. With the approval of team leaders, new hires will be able to work from home and existing employees with strong performance reviews will be able to apply for the opportunity to work from home. The COVID-19 crisis made many companies quickly adjust to remote work for nearly their entire employee bases and numerous companies have joined Facebook in saying that they'll extend the flexibility in a large capacity even after the crisis subsidies. Twitter Inc. (TWTR) plans to let employees work from home for as long as they want ( ) and Shopify Inc.'s (SHOP.T) chief executive said in a Thursday tweet that "office centricity is over" ( ) as he plans for a future in which the majority of his employees work from home permanently. Facebook didn't immediately respond to MarketWatch's request for comment on the new plans. Its shares are up 1.4% in Thursday trading and they've gained 11% over the past three months as the S&P 500 has fallen 12%.
-Emily Bary; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 21, 2020 20:35 ET (00:35 GMT)
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