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Photo: Johannes Simon/Getty Images

In an internal meeting with staff on Thursday, Facebook CEO Mark Zuckerberg said the company is planning to shift the majority of its workforce to be able to work remotely in the next 5-10 years.

Why it matters: The coronavirus pandemic has forced many companies to quickly adopt remote working strategies. Tech companies, which are well-equipped for remote work, are preparing to make remote work the new normal for most of their employees.

Zuckerberg told Axios: "My prediction is that in 5-10 years we could have ~50% working remote. That's not a target, just a prediction based on the demand we've seen so far."

  • "The first steps will be aggressively opening up remote hiring around the whole US and Canada, especially for experienced engineers, as well as letting some employees request to become permanent remote workers."

Details: In an interview with NBC, Zuckerberg said it "doesn't seem that good to constrain hiring to people who live around offices."

  • Zuckerberg says that the company plans to unlocking remote hiring immediately. In the past, Zuckerberg had implied that working in or near a Facebook office was important towards maintaining a strong workplace culture. Now, that idea seems less feasible and less necessary, given that the company continues to perform well despite more people working remotely.

Be smart: Facebook has already said that people can work remotely through the end of 2020 if they choose. It was one of the first companies to tell employees to start working from home, if possible, in the first place. It's already said that non-essential corporate travel is cancelled until 2021.

The big picture: More remote work will be a major trend coming out of the coronavirus. Big companies like Facebook will pioneer that trend.

  • Twitter and Square, both run by Jack Dorsey, announced last week that people could work from home indefinitely if they wanted to.

Go deeper: Many tech workers won't go back to offices after coronavirus crisis

Go deeper

Aug 26, 2020 - Technology

Facebook warns advertisers on Apple privacy changes

Illustration: Lazaro Gamio/Axios

Facebook is warning advertisers that they can expect weaker ad performance from iPhone users once iOS 14 comes out next month and is telling them to create second advertiser accounts to contain the disruption.

Why it matters: Many of Facebook's advertising partners rely on Apple's "Identifier for Advertisers" (IDFA) user tracking feature to, for instance, target would-be users by interest and see if they actually clicked on a mobile ad directing them to install a particular app. Changes to IDFA coming with iOS 14 will have a big impact on the marketing strategies for many businesses, and on Facebook's bottom line.

Pelosi, Schumer call on McConnell to adopt bipartisan $900B stimulus framework

House Speaker Nancy Pelosi on Nov. 20. Photo: Drew Angerer/Getty Images

House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) on Wednesday urged Senate Majority Leader Mitch McConnell (R-Ky.) to use a $908 billion bipartisan coronavirus relief framework as a basis for jumpstarting negotiations.

Why it matters: The framework, introduced by a group of bipartisan senators on Tuesday, calls for significantly less funding than Pelosi had previously demanded — a sign that Democrats are ready to further compromise as millions of Americans endure economic hardship.

Democrat Mark Kelly sworn in to U.S. Senate

Photo: Courtney Pedroza/Getty Images

Astronaut Mark Kelly (D) was sworn in to the U.S. Senate on Wednesday after defeating incumbent Sen. Martha McSally (R-Ariz.) last month for the seat once held by the late Sen. John McCain.

Why it matters: Kelly's swearing-in by Vice President Mike Pence narrows the Republican majority and moves the Senate balance to 52-48.