Facebook is no longer the 'Best Place to Work'

Glassdoor's Best Places to Work list for 2019 has a few surprises in store. After a year of scandals Facebook has dropped from number 1 to number 7. Google has also lost a bit of its attraction whilst Amazon didn’t even make the list.

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One year can bring a lot of change and no one can vouch for this more than Facebook. Last year Facebook was one of the hottest tech companies in California and easily topped Glassdoor's list of the "Best Places to Work". One year on and the company has been riddled by scandal after scandal. The data leakages and the bad press have also made an impact on employees with many not being as satisfied with their employer as before. The tumultuous year has cost Facebook its top-rating as an employer. Glassdoor's 2019 list of the "Best Places to Work" saw it falling from number 1 to number 7, dropping from a 4.6 to 4.5 award score out of a perfect 5.

According to a CNBC report in the past few months many Facebook employees have been motivated to look elsewhere thanks to falling stock prices, continued scandals and the increased bureaucracy that comes with the maturing of any tech company.

With Facebook out of the picture Bain & Company and Zoom Video Communications took out the two winning spots this year. LinkedIn bet Facebook and claimed the sixth spot, whilst Google landed on number eight. German software company SAP was on number 27, Microsoft on 34 and Apple on 71. Amazon didn’t make the list.

Glassdoor looks at eight different factors for its ranking, including employee satisfaction, work/life balance, senior management and compensation and benefits. Particularly on employee satisfaction, Facebook has seen a massive drop. 

Read more on www.cnbc.com

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