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Facebook has struggled to hire talent since the Cambridge Analytica scandal

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Re: Facebook has struggled to hire talent since the Cambridge Analytica scandal

#12
As a business, this is not a big problem for FB. FB will still find plenty of talent.

What they will find less abundant is "top talent," whatever that means. I doubt FB actually needs that much "top talent" to continue successfully, anyway. They're not performing brain surgery on a rocket.

Re: Facebook has struggled to hire talent since the Cambridge Analytica scandal

#13
Facebook has began scaling back on hiring since the Cambridge Analytica scandal.

Alternative possible headline working just as well. People are still applying en masse to work at Facebook.

Among top schools, Facebook’s acceptance rate for full-time positions offered to new graduates has fallen from an average of 85% for the 2017-2018 school year to between 35% and 55% as of December.

A fall in acceptance rates may mean saturation in needed roles at Facebook.

Re: Facebook has struggled to hire talent since the Cambridge Analytica scandal

#14
post #13

Facebook has began scaling back on hiring since the Cambridge Analytica scandal. Alternative possible headline working just as well. People are still applying en masse to work at Facebook. Among top schools, Facebook’s acceptance rate for full-time positions offered to new graduates has fallen from an average of 85% for the 2017-2018 school year to between 35% and 55% as of December. A fall in acceptance rates may me…

Then Facebook shouldn't be giving out offers or interviewing so many people?

I think these are primarily offers given to interns. Otherwise, why go through the interview process if you don't want to work there? It may be a better place to go for internship than for full time.

Then again, maybe their compensation packages may no longer be competitive. It's possible.

Re: Facebook has struggled to hire talent since the Cambridge Analytica scandal

#15

Honestly I think its more than just that, Facebook is no longer the cool start up building the world's favorite website. They're a multi-national advertising mega corp, and TBH most people just don't want to work there.

Is anyone?

Re: Facebook has struggled to hire talent since the Cambridge Analytica scandal

#16
post #13

Facebook has began scaling back on hiring since the Cambridge Analytica scandal. Alternative possible headline working just as well. People are still applying en masse to work at Facebook. Among top schools, Facebook’s acceptance rate for full-time positions offered to new graduates has fallen from an average of 85% for the 2017-2018 school year to between 35% and 55% as of December. A fall in acceptance rates may me…

Then Facebook shouldn't be giving out offers or interviewing so many people? I think these are primarily offers given to interns. Otherwise, why go through the interview process if you don't want to work there? It may be a better place to go for internship than for full time. Then again, maybe their compensation packages may no longer be competitive. It's possible.

> their compensation packages may no longer be competitive

They're competitive cash-wise. But the career hit is unmistakable.

(My friends who had other options eventually got tired of carrying around reputation that comes with that place. If you have no other options, that's one thing. But not everyone loves broadcasting that fact.)

Re: Facebook has struggled to hire talent since the Cambridge Analytica scandal

#17
post #4

Wow! Every so often, I see something that makes me feel hopeful about the future. This is one of those times.

I feel bad for the Facebook employees below middle management level, but I also really would like some harsh penalties directed at Zuckerberg et al.

I hate that huge corporations can just kind of shrug and say "oops" to egregious crimes, without any meaningful consequences. Same with corporations not paying tax while still benefiting from the stable society created by those taxes.

Re: Facebook has struggled to hire talent since the Cambridge Analytica scandal

#18
post #13

Facebook has began scaling back on hiring since the Cambridge Analytica scandal. Alternative possible headline working just as well. People are still applying en masse to work at Facebook. Among top schools, Facebook’s acceptance rate for full-time positions offered to new graduates has fallen from an average of 85% for the 2017-2018 school year to between 35% and 55% as of December. A fall in acceptance rates may me…

I think you’re misinterpreting the term acceptance rate. It’s the number of offers extended that we’re accepted, not the number of applicants who were extended offers.

Re: Facebook has struggled to hire talent since the Cambridge Analytica scandal

#19

Earlier quoted context omitted.

Then Facebook shouldn't be giving out offers or interviewing so many people? I think these are primarily offers given to interns. Otherwise, why go through the interview process if you don't want to work there? It may be a better place to go for internship than for full time. Then again, maybe their compensation packages may no longer be competitive. It's possible.

> their compensation packages may no longer be competitive They're competitive cash-wise. But the career hit is unmistakable. (My friends who had other options eventually got tired of carrying around reputation that comes with that place. If you have no other options, that's one thing. But not everyone loves broadcasting that fact.)

There is no career hit associated with Facebook. That’s just ludicrous wishful thinking. People love to complain about Goldman Sachs too, but that still looks good on a resume.

Re: Facebook has struggled to hire talent since the Cambridge Analytica scandal

#20
post #13

Facebook has began scaling back on hiring since the Cambridge Analytica scandal. Alternative possible headline working just as well. People are still applying en masse to work at Facebook. Among top schools, Facebook’s acceptance rate for full-time positions offered to new graduates has fallen from an average of 85% for the 2017-2018 school year to between 35% and 55% as of December. A fall in acceptance rates may me…

Yea that’s a dismal stat. Roughly, It means smart people don’t want to work for you.
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