Reddit requiring employees to live in San Francisco

SAN FRANCISCO (KGO) -- Reddit is stirring up controversy by requiring its employees live in San Francisco.

The new policy gives remote workers a choice to either move to San Francisco or face termination.

The company says it will give employees a 3-month severance if they decline the offer.

The news comes on the heels of a $50 million investment in the company by tech industry entrepreneurs.

Reddit's CEO says the intention is to get the whole team under one roof for optimal teamwork.