Indeed, presumably you are worth more than that to them. It's a pretty naked cash grab to cut salary in response to a location move, and somewhat illogical considering they moved their HQ to the bay area in the first place. If it's objectively bad and expensive, why not move your HQ to Austin or San Antonio or Portland?

> if Facebook starts to hire remote workers, then your value will drop because they now have the access to a pool of workers who don't want to drag their asses to San Francisco and can pretty easily settle for less since their rent doesn't require them to bleed money.

For now. It remains to be seen if bay area rents are high because of tech salaries, or if tech salaries are high because of rents. Likely they feed back into each other. And as a worker in SF, you have access to all the same remote opportunities.