Facebook’s job acceptance rate has plummeted in the wake of Cambridge Analytica and other privacy scandals, report claims

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A string of scandals have not only affected the morale of current employees at Facebook but is likely stunting the company’s recruitment of future talent according to a new report.

As reported by CNBC, multiple former recruiters for the embattled social media giant say that recent controversies like Cambridge Analytica, which saw 87 million Facebook users data compromised in an effort to target ads for President Donald Trump during the 2016 election, have caused candidates to regularly turn down job offers.

In interviews with half a dozen former recruiters, CNBC says that recruiters reported a ‘significant decrease’ in the amount of accepted job offers since the Cambridge Analytica scandal was revealed in March last year.

A new report from CNBC shows that new graduates are increasingly less likely to take a job at Facebook due to a slew of scandals, including Cambridge Analytica
A new report from CNBC shows that new graduates are increasingly less likely to take a job at Facebook due to a slew of scandals, including Cambridge Analytica

Specifically, say unnamed recruiters in the report, acceptance rates fell from about 85 percent between 2017 and 2018 for new graduates being offered full time jobs to between 35 and 55 percent as of December. 

Carnegie Mellon, which boasts one of the best computer science programs in the US, now has a 35 percent acceptance rate among new graduates, said CNBC.

According to CNBC, Facebook has disputed the reports saying ‘these numbers are totally wrong.’ 

The spokesperson also noted that Facebook’s overall employee count has grown 36 percent year-over-year, but didn’t provide any evidence to counter the accounts of its recruiters. 

The news of Facebook’s issues with recruiting new talent mirror a previous report highlighting sentiments of current employees who have also been affected by a rash of scandals. 

An internal survey obtained by The Wall Street Journal last year shows that just 52 percent of Facebook employees said they were optimistic about the company’s future – a sharp decrease from 84 percent in 2017.  

The data came from Facebook’s twice-annual ‘pulse’ survey and received responses from about 29,000 Facebook employees, reported the Journal. 

Additionally, about 53 percent of employees in the survey believed Facebook is ‘making the world better,’ which is a significant slump from 72 percent in 2017.

On average, those employees also said they planned to remain another 3.9 years at Facebook, down from 4.3 years one year ago. 

Facebook fired back at the report saying numbers provided by users were 'totally wrong' and that the company continued to grow its number of employees
Facebook fired back at the report saying numbers provided by users were ‘totally wrong’ and that the company continued to grow its number of employees

Specifically, those employees reportedly voiced frustrations around ongoing turbulence among the top ranks of the company, as well as its declining stock price, which has shaved off some of the value of their stock options – a major source of compensation for many.

If scandals and stock prices are any indication, sentiments are unlikely to have changed as Facebook has, since the survey, continued to come under scrutiny for its handling of users’ private data.

In April the company confirmed that millions of users of Instagram, Facebook’s photo and video-centric platform, had their passwords exposed.

The company also revealed that it had been inexplicably storing hundreds of millions of users passwords in plain text this March.

Because of privacy issues and negative exposure, Facebook has struggled with hemorrhaging users.

 

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