From 7th in 2011 to no longer being in the top 25 is a surprise.
In the past few years, Facebook has been in the news almost nonstop from things such as privacy issues to their IPO. And since the IPO, they have been in the news because of the downward trending of their stock prices. It seems that because of the value going down, all those people in the company who were expecting big paydays are now not going to be getting them. Last year, Facebook was the place to work. This year, Facebook is not even showing up it the top 25 list of best places to work.
The list is created annually and being reported by CNet for 2012. It does contain a variety of companies in the list and only 12 of the top 25 are technology related companies. LinkedIn and Rackspace are in the top 25, but Facebook is no where to be found. And that is a radical turn around for them given their rapid rise in the past few years.
How quickly they fall from popularity. One of the reasons for the change may be departures of executives to move to other technology companies. That creates an uncertain work environment for employees. Since this survey is supposed to identify the best companies who balance work and personal life, it makes you ask where did Facebook go wrong? And how did they do it so quickly?
This is one of many lists which are put out showing the best places to work in the US and it will be interesting to see what some of the other Best Places to work lists come out with for ranking Facebook in the Best Places To Work.