Stripe is paying employees $20,000 if they leave big cities — but they’ll also get a pay cut

79 Comments / Industry Updates / 1 minute of reading

 

New York(CNN)Stripe is paying employees $20,000 if they relocate from expensive cities such as San Francisco, Seattle and New York, where the company has offices. But workers who make the move will have to take a 10% pay cut.

“We want our employees to be able to make whatever life choices they feel are best for them without barriers,” a spokesperson for the financial services and software company told CNN Business.

Leaving big cities has become increasingly popular since the pandemic hit. Signed contracts for sales of condos and co-ops in Manhattan, for example, plunged nearly 60% in July, while contracts for single-family homes in areas outside of New York City have skyrocketed, according to a recent report from real estate brokerage Douglas Elliman and Miller Samuel, a real estate appraisal and consulting firm.

Some commuting Americans are already saving money during the pandemic. Americans traveled nearly 37 billion fewer miles on the road in June, compared to the same month last year, according to the Federal Highway Administration.

Fewer miles translates into money saved. Employees who once commuted by car but now work from home are saving a total of $758 million per day, according to research from freelancing platform Upwork. Over the months since the pandemic hit the US, that figure amounts to more than $90 billion.

79 thoughts on “Stripe is paying employees $20,000 if they leave big cities — but they’ll also get a pay cut”

  1. www.xmc.pl

    Spllka to pomyslowy wynalazek, zwykle sklada sie jak kubistyczny obrazek, dla zapewnienia sobie indywidualnych zysklw i unikniecia odpowiedzialnosci, przez co urzad skarbowy ogarnia furia zlosci… 🙂 jAK NIE PLACIC Podatklw ? look this >> Raje Podatkowe Warto!

    Reply
  7. WebSites Center

    It is unusual for me to find something on the net thats as entertaining and fascinating as what youve got here. Your page is lovely, your graphics are great, and whats more, you use reference that are relevant to what you are talking about. You are certainly one in a million, man!

    Reply
  8. www.xmc.pl

    Hello there! My name is john I am a 20 many years previous pupil. I love to examine. I dont have lots of time. It is why I realized how to read better and faster, I Think that should you study lots of books and megazines youve to find out the ability of speed reading. Just so that you can read far better and quicker. anyway, I hope you will proceed to sustain this site. this is a excellent location and Im sure Ill be back again within the close long term again.

    Reply
  11. Pianino XMC

    Thank you so much for this! I have not been this thrilled by a post for a long time! Youve got it, whatever that means in blogging. Anyway, Youre definitely somebody that has something to say that people should hear. Keep up the good work. Keep on inspiring the people!

    Reply
  17. Socjologia

    Since it can be unhealthy. You will find NO Quick Fixes. Diet Appropriate, or Don???ê?èt Diet at all! Portion Control, it???ê?ès simple and everyone can do it. It???ê?ès a lifestyle alter, not a quick fix. Why lose it all, after which acquire it back? That???ê?ès just silly, and depressing.

    Reply
  20. Skandynawia

    Znana osobistosc Pan Andrzej Dobrowolski twierdzil, ze Mezczyzni witaja sie uscisnieciem dloni. Kobiety obejmuja sie przyjaznie. W pierwszym wypadku chodzi o sprawdzenie, czy w reku nie ma ukrytej broni, w drugim, czy na pewno nie ma jej tez za plecami i czy gra z otwartymi kartami 🙂

    Reply
  23. BLOG USA

    Zycie pisze najbardziej oryginalne, najbardziej komiczne, a jednoczesnie najbardziej dramatyczne scenariusze. – Wislawa Szymborska

    Reply
  24. Stany Zjednoczone Ameryki

    Normal reasons that computers get slower is because of low diskspace,low memory, and low memory. However there are apps that can solve such dilemas. Using these programs can really help. Might you tell me know if that is the case

    Reply
  70. Podatki

    excellent blog. I as well woud likes To create a url but routinely The advice is every so big or smaller. Is There a web site which could help me experience great niches.? I want how to find a website which will list brand new trends on-line and offline. new offerings which might be marketed. something positive I may write blogs regarding or lens at. Ho did end users pick The themes being Your New homepage?

    Reply
  75. Website directory

    Hi, I just read texts on your blog and I became interested in the topic. I like your post and I am thinking whether I could use your words in my work? Would it be doable? If yes, please contact with me. Thank you.

    Reply
  78. Ekonomia Kompedium

    I am going to go ahead and save this content for my sister for a coming up study project for school. This is a appealing blog by the way. Where did you get the template for this website?

    Reply

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top