Employee morale hits all-time low at Facebook: Report : The Tribune India

Join Whatsapp Channel

Employee morale hits all-time low at Facebook: Report

SAN FRANCISCO: The morale of employees at Facebook has hit an all-time low as the social network giant grapples with data breaches amid top-notch executives leaving the company, the media reported.

Employee morale hits all-time low at Facebook: Report

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



San Francisco, November 15

The morale of employees at Facebook has hit an all-time low as the social network giant grapples with data breaches amid top-notch executives leaving the company, the media reported.

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

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”.

“It has been a difficult period, but 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’s revenue and user growth fell short of investor expectations.

The firm is facing backlash for its handling of fake news and privacy and election interference from Russia-based groups in the 2016 US presidential elections.

There have been several high-level resignations at Facebook.

Instagram founders Mike Krieger and Kevin Systrom have resigned from the Facebook-owned photo sharing app that has over one billion users.

Founded in 2010, Instagram was bought by Facebook for $1 billion in 2012.

WhatsApp co-founders Brian Acton and Jan Koum have also quit over, with Acton alleging that Facebook CEO Mark Zuckerberg tried to undermine the instant messaging app’s encryption technology.

Acton started WhatsApp with Koum. Facebook acquired the messaging service about four years ago for $22 billion. Acton quit Facebook a year ago, and Koum left the company in April this year.

Facebook reported $13.5 billion in revenue with a net income of $5.1 billion ($1.76 per share) in the third quarter that ended September 30.

It currently has 2.27 billion monthly active users and 1.49 billion daily active users. — IANS

Top News

Jailed gangster-politician Mukhtar Ansari dies of cardiac arrest

Jailed gangster-politician Mukhtar Ansari dies of cardiac arrest

Ansari was hospitalised after he complained of abdominal pai...

Delhi High Court dismisses PIL to remove Arvind Kejriwal from CM post after arrest

Delhi High Court dismisses PIL to remove Arvind Kejriwal from CM post after arrest

The bench refuses to comment on merits of the issue, saying ...

Arvind Kejriwal to be produced before Delhi court today as 6-day ED custody ends

Excise policy case: Delhi court extends ED custody of Chief Minister Arvind Kejriwal till April 1

In his submissions, Kejriwal said, ‘I am named by 4 witnesse...

‘Unwarranted, unacceptable’: India on US remarks on Delhi CM Arvind Kejriwal’s arrest

‘Unwarranted, unacceptable’: India on US remarks on Delhi CM Arvind Kejriwal’s arrest

MEA spokesperson says India is proud of its independent and ...

Gujarat court sentences former IPS officer Sanjiv Bhatt to 20 years in jail in 1996 drug case

Gujarat court sentences former IPS officer Sanjiv Bhatt to 20 years in jail in 1996 drug case

Bhatt, who was sacked from the force in 2015, is already beh...


Cities

View All