For years, Apple (AAPL) and Meta have been considered the elite of tech companies, with employees praising the company’s culture, values, benefits and perks, U.S. media reported. But according to job site Glassdoor, the two tech giants no longer stand out as they once did.
According to CNBC, Apple and Meta are not on Glassdoor’s list of the 100 best Places to Work in 2023. Last year, Meta ranked 47th, a significant drop from 2021 when it ranked 11th. Similarly, Apple came in 56th last year, down from 31st in 2021.
To compile its list of the 100 Best Places to Work, Glassdoor analyzed anonymous reviews left by employees on the platform and considered “hundreds of thousands” of companies with more than 1,000 employees between October 19, 2021 and October 17, 2022.
Daniel, Glassdoor’s lead economist. The absence of Apple and Meta on this year’s list is “quite striking,” said Daniel Zhao, an executive director at the company.
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“Apple has been on the 100 Best Places to Work list for the past 15 years,” he said. Since then, Meta has appeared on the list since 2011 and has reached # 1 in the past… Let’s not say Meta and Apple are bad places to work, but the competition is strong this year and the ranking has slipped a bit.”
Daniel. Both companies “have faced challenges” that could cause them to fall off the list, Zhao said.
“For Apple, the push to go back to the office over the past year has been met with mixed reactions from employees. As for Meta, they are undergoing a major strategy shift. “We do see from employee comments that employees are still not sure how this is going to unfold.”
After several delays due to COVID-19, Apple has finally finalized its plan to return to the office, requiring employees to return to the office three days a week, effective September 5, 2022. At the time, 67 percent of employees were unhappy with the policy and 56 percent said they wanted to leave, business technology news site Tec.co reported.
On November 9, 2022, Meta announced the largest annual wave of layoffs in the technology industry, with an estimated reduction of 13% of its workforce, equivalent to more than 11,000 employees. Meta Chief Executive Mark Zuckerberg told employees in the letter that they would also “take many additional steps to become a leaner, more efficient company by reducing discretionary expenses and extending the personnel freeze through the first quarter.”
Apple and Meta dropped off the list, adding new entrants to the 100 Best Places to Work list, including Spotify, the Lego Group and Gainsight.