As companies look to save money, thanks to remote workers, Stripe is offering to pay employees $20,000 to relocate.
The coronavirus pandemic has changed how companies operate, with many making remote work a permanent part of their process. For many companies, however, that means they have unused office space costing money.
Stripe is one company trying to address the problem directly. According to CNN Business Stripe is offering employees $20,000 to relocate out of New York and San Francisco, two of the highest priced cities in the country.
The one major caveat, however, is that employees that take advantage of the offer will have to take a 10% pay cut. The arrangement could be a win-win. If a substantial number of employees take the offer, 10% per employee could represent a significant sum of money. Depending on where they opt to move, it may still end up being a bargain for the employees too.