Stripe is reportedly cutting pay for employees who leave Seattle, New York, or the Bay Area, but will also provide a $20,000 incentive to move

Stripe is reportedly cutting pay for employees who leave Seattle, New York, or the Bay Area, but will also provide a $20,000 incentive to move

Stripe CEO Patrick Collison.







Reuters/Albert Gea













Payments company Stripe is reportedly cutting pay for employees who move outside of Seattle, New York, or the Bay Area, but will also offer those employees $20,000 to relocate, according to Bloomberg.

Workers could take up to a 10% reduction in salary if they relocate. The offer will be available until the end of 2020, Bloomberg reports.

VMware, Facebook, and Twitter will also reevaluate compensation for anyone who opts to move outside of the Bay Area as offices remain closed due to the coronavirus pandemic.

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Payments company Stripe has reportedly started offering a new deal to