On average, employees said they planned to work at Facebook for another 3.9 years, which is down from 4.3 years last year. Around 12% of employees intend to stay less than a year. However, not all is bad news. 81% of employees said it was important to fulfil Facebook’s mission of building the community and bringing the world closer. This number stayed flat compared to a year ago.
The report also stated that there was frustration among employees over Facebook’s focus on growth and lack of innovation. There was also concern that other divisions were not given the same importance as the main Facebook platform.
Facebook versus Twitter: How did each one do?
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In general, Facebook has had a tough year with issues related to data privacy and security, content and top management. The company witnessed the exits of the founders of its Instagram and WhatsApp divisions over the past year. These matters have taken a toll on the stock price which has plunged several times this year.
Facebook’s stock is down 21% year-to-date and over the past one month, the stock has dropped 7%. As of 3 pm ET, the stock is up 1.7%.