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Facebook buys an unused headquarters even as more employees work remotely

September 15, 2020. Summarized by summa-bot.

Facebook is buying a previously unused corporate headquarters from outdoor retailer REI, despite the social media company's plans to shift more of its employees to working from home.

New York (CNN Business)Facebook is buying a previously unused corporate headquarters from outdoor retailer REI, despite the social media company's plans to shift more of its employees to working from home.

Like many tech companies, Facebook shifted most of its employees to working from home in March due to Covid-19.

Last month the company said it is extending its work from home policy until July of next year due to health concerns.

CEO Mark Zuckerberg said earlier this year that he could see half of Facebook's employees permanently working remotely within the next five to 10 years.

"In order to address our rapidly growing workforce, we continue to make investments in physical office locations," said a statement from Facebook.

While Facebook envisions 50% of its employees will be working remotely within the next 5-10 years, our offices are still vitally important to our culture and will help accommodate anticipated growth and meet the needs of our employees that need or prefer to work from campus. "

"An internal employee survey the company fielded in May showed that approximately 65% of Facebook employees were eager to return to the office as soon as possible," Facebook said.

REI also shifted its headquarters employees to remote working due to health concerns.

REI will also have headquarters employees working remotely as its normal model going forward.

REI had been planning for the new headquarters for four years and it had been under construction for the past two.

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