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Apple Moves up in The List of Top-Rated Employers

Facebook investors have increased pressure on Chairman and CEO Mark Zuckerberg to step down after a New York Times investigation suggested that the social network hired a Republican-owned political consulting and PR firm that "dug up dirt on its competitors"

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Apple lowers Q1 revenue guidance on slow iPhone sales.

Hit by users’ data scandals amid falling stocks this year, Facebook has lost the tag of best place to work in the US while Apple has moved up in the list of top-rated employers.

According to the leading job website Glassdoor’s annual “100 Best Places to Work in the US” list that came out on Wednesday, Boston-based management consulting firm Bain & Co. has been ranked No 1.

Facebook is now ranked No 7 — scoring 4.5 out of a perfect 5.

Apple moved up from No 84 to 71 with a score of 4.3. Microsoft moved up from No 39 to 34 as its score dropped from 4.4 to 4.3.

Microsoft-owned LinkedIn, however, is at sixth place with a score of 4.5, read the information on the Glassdoor website.

While Facebook was the best place to work in America last year, Cupertino-based tech giant Apple had tumbled to number 84 in 2017 from its 36th position in 2016.

Amazon didn’t even make it to the list, with an award score of 4.1, just outside of the top 100.

Apple, on the other hand, moved up in the ranking, from No. 84 to 71, though it maintained the same score of 4.3. Microsoft moved up in ranking from No. 39 to 34 on the list although their award score dropped from 4.4 to 4.3. Google was 8th while Salesforce came 11th.

Facebook
Facebook, social media. Pixabay

The Top-100 list by Glassdoor is for large organisations or those with at least 1,000 employees.

The Glassdoor list came at a time when media reports said several Facebook employees are looking for better opportunities as scrutiny of the company’s conduct rises following several cases of data leak and as its stock price take a beating.

According to a CNBC report earlier this week, Facebook employees are contacting former colleagues to look for jobs outside the company.

According to a report in the Wall Street Journal last month citing an internal survey at Facebook, just over half of Facebook employees (52 per cent) said they were optimistic about the future of the social networking platform — down by 32 per cent last year.

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Only 53 per cent of Facebook employees said the company was making the world better, which is 19 per cent lower than last year.

According to the report, Facebook’s “difficult year is taking a toll on employee morale, with several key measures of internal sentiment taking a sharp turn for the worse over the past year”.

Facebook investors have increased pressure on Chairman and CEO Mark Zuckerberg to step down after a New York Times investigation suggested that the social network hired a Republican-owned political consulting and PR firm that “dug up dirt on its competitors”.

Zuckerberg, however, has refused to quit. (IANS)

Next Story

Facebook Commits $130 mn to Build Global Oversight Board for Ensuring Accountability

Facebook intends to continue funding the board's operations in the future, and these reports will be used to assess the need for additional, substantive and long-term funding

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Facebook
Facebook said it has established the independent Oversight Board Trust to ensure the board can safeguard its ability to make independent decisions and recommendations. Pixabay

Facebook has made an initial commitment of $130 million to build a global oversight board that will ensure good governance and accountability across its services and platforms.

The initial funding will cover operational costs such as office space, staff and travel expenses and should allow the board to operate for at least its first two full terms, approximately six years, Brent Harris, Director of Governance and Global Affairs at Facebook, said in a statement.

The board will submit a yearly budget to the trust for approval and disbursement of funds.

Annual reports from the board and trust will help to document the health and effectiveness of the board, including its stewardship of these resources.

Facebook intends to continue funding the board’s operations in the future, and these reports will be used to assess the need for additional, substantive and long-term funding.

Last November, Mark Zuckerberg wrote about his vision for what content governance should look like for Facebook.

Facebook said it has established the independent Oversight Board Trust to ensure the board can safeguard its ability to make independent decisions and recommendations.

Facebook
Facebook has made an initial commitment of $130 million to build a global oversight board that will ensure good governance and accountability across its services and platforms. Pixabay

“The board will have its own staff, independent from Facebook. To start, we expect this staff to include a director, case managers and dedicated staff members (or contracted services) who can support things such as the board’s communications, legal, human resources and research needs,” said Harris.

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In addition, said Facebook, it will continue to work with outside experts to source and review candidates for board membership, including those who’ve been recommended through the public portal, which we opened in September.

“We are eager to see the Oversight Board take shape and start hearing cases next year,” said Facebook. (IANS)