Dogged by Controversy, Employee Morale at Facebook is at All-Time Low
The morale of employees at Facebook has hit an best low as the social network giant grapples with data breaches amid height-notch executives leaving the company, the media reported.
According to a study in the Wall Street Periodical on Wednesday, citing an internal survey at Facebook, but over half of Facebook employees (52 percent) take said they were optimistic for the future of the social networking platform – down by 32 per centum every bit compared to last year.
Only 53 percent of Facebook employees said the company was making the earth better which is 19 pct lower than last year.
Co-ordinate to the report, Facebook's "difficult year is taking a toll on employee morale, with several primal measures of internal sentiment taking a abrupt turn for the worse over the past year."
"Information technology has been a hard period, just every day we see people pulling together to learn the lessons of the past year and build a stronger company," a Facebook spokesperson was quoted as saying.
Facebook shares have tumbled substantially this year after the social media network'southward revenue and user growth fell curt of investor expectations. The house is facing backlash for its handling of fake news, privacy, and ballot interference from Russia-based groups in the 2016 Usa presidential elections.
There have been several loftier-level resignations at Facebook as well. Instagram founders Mike Krieger and Kevin Systrom resigned from the Facebook-owned photo-sharing app Instagram, that has over 1 billion users. Founded in 2010, Instagram was bought past Facebook for $i billion back in 2012.
WhatsApp co-founders Brian Acton and January Koum accept also quit, with Acton alleging that Facebook CEO Mark Zuckerberg tried to undermine the instant messaging app's encryption engineering science.
Acton started WhatsApp with Koum. Facebook acquired the messaging service nearly four years agone for $22 billion. Acton quit Facebook a yr agone, and Koum left the company in Apr this year.
Facebook reported $13.5 billion in acquirement with a net income of $v.1 billion ($1.76 per share) in the 3rd quarter that ended September 30. It currently has 2.27 billion monthly active users and ane.49 billion daily agile users.
Source: https://beebom.com/controversy-employee-morale-facebook-low/
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