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Some big tech companies are becoming less attractive places to work

Some big tech companies are becoming less attractive places to work

glass door Post it A regular annual list of the best places to work, based on feedback from employees themselves, the results are not very encouraging for the big names in the technology sector. Only 31 technology companies were included in the 2024 list compared to the 41 names listed last year, so banks, traders and manufacturers were given more leeway. Apple and Meta's popularity actually started to decline last year, as they didn't even make the top 100 on the 2023 list.

In the ranking of the best places to work for 2024, the popularity of Google and Microsoft has declined significantly: the search giant fell from the previous eighth place to 26th place, while the software giant from Redmond was only in 18th place instead of 13th. . This is the second year that Meta, Zillow, and Zoom have not made the Top 100 list.

Although Apple didn't make last year's list, it's now back at No. 39. Chipmaker NVIDIA's performance was impressive in this regard, coming in second after its employees rated their employer on qualities like “passion” and “Great culture”, “good features”, etc. According to employees, it is best to work at Bain & Company, and this consulting company came in first place. By the way, Bain and Google are the only companies that make the list every year.

The reality of public and private IT companies

On the 23rd Kraftie broadcast, we walked on swampy ground.

The reality of public and private IT companies
On the 23rd Kraftie broadcast, we walked on swampy ground.

According to the Layoffs.fyi database, technology companies laid off more than 260,000 employees last year, and on the ninth day of the new year, the counter already shows another 2,000 employees. According to Daniel Chow, chief economist at Glassdoor, even at large companies that are traditionally considered stable, employee distrust is growing and concerns about employers' business prospects are growing.

According to employees of Google, Meta, Zoom, and Zillow, it is downsizing that has eroded the popularity and satisfaction of employees in the particular company, and among the reviews written on the Glassdoor front, they mostly complain about broken morale, long working hours, and poor performance. administration. Google and MetaX (formerly Twitter) also cut employee benefits last year. Feedback shows that work-life balance is becoming a more important aspect among employees, but career and progression opportunities still carry more weight.

To be included on the list, companies must have more than 1,000 employees and have at least 75 employee reviews on Glassdoor in the past year.

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