Tech giant, Facebook really has a lot of work to do. According to Glassdoor’s latest ranking of the best companies to work for, there is a decline in people’s interest in working at Facebook.
Glassdoor released its annual “Best Places to Work” list for 2020, which compiles employees’ anonymous ratings and reviews on Glassdoor, though the actual rankings are determined by the company’s “proprietary awards algorithm.”
But this year, Facebook which was once a most desirable employer significantly dropped in ranking. Facebook’s position on the list of the top 100 organizations dropped to No. 23, down from No. 7 in 2019 and No. 1 in 2018.
This is not good for a company which has consistently ranked near the top of Glassdoor’s best employers list. The first year the social network made the cut, in 2011, it nabbed the top spot. Since then, Facebook has ranked in the top ten every year, except for 2015, when it hit No. 13.
A Glassdoor spokesperson noted that Facebook’s overall rating of 4.4 is still well above the site’s average (3.5), and that making Glassdoor’s top 100 list at all is “an incredible honor” for employers.
Still, the drop is a disturbing sign that the past few years of controversies have negatively affected morale at the company. That’s even despite Facebook’s “legendary” employee benefits.
“Facebook is legendary for its perks,” Glassdoor wrote in 2017, the last time Facebook ranked at the top of the list. “Free meals and snacks, onsite health and dental centers, laundry services and four months of paid parental leave are among some of their most notable benefits.”
But years of data privacy scandals, investigations, and other missteps have taken their toll. CNBC reported earlier this year that recruiters have struggled to lure candidates from top-tier universities since the Cambridge Analytica scandal. Mark Zuckerberg’s employee approval rating have also plummeted over the last year, dropping from No. 16 in 2018 to No. 55 in 2019, according to Glassdoor.