Stripe is paying employees $20,000 if they leave big cities but there's a caveat

Movement underway to minimize office space as worker go remote

The tech payment processing company Stripe is offering its employees $20,000 to relocate from large U.S. cities to cheaper rural areas, but would then impose a 10 percent pay cut on workers' salaries as part of the deal.

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The coronavirus outbreak has forced companies like Stripe to think outside the box financially, especially given the rise in remote work all over the world, Forbes reported.

There is now a movement in the workforce to minimize office space while maximizing productivity and financial solvency.

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Facebook CEO Mark Zuckerberg reportedly said his employees will continue to work remotely, as it is has become the way of the future.

“We’re going to be the most forward-leaning company on remote work at our scale," he said.

Zuckerberg cautioned, however, that if workers were to flee to lower-cost areas, they would have to disclose it to the company and could see their paychecks docked to reflect the change.

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“We’ll adjust salary to your location at that point," he added. "There’ll be severe ramifications for people who are not honest about this.”