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Facebook is no longer one of the best places to work, Here’s Why

Facebook’s ranking on Glassdoor’s list of best places to work slid for a second year in a row, tumbling 16 spots to 23rd.

Its desirability ranking dropped from 4.5 to 4.4 out of a perfect 5, according to employees who use the Glassdoor site to evaluate their employers anonymously.

The top three spots on the 2020 list are held by HubSpot, Bain & Co. and DocuSign, respectively.

It’s a precipitous fall for Facebook, which claimed the top spot in Glassdoor’s 2018 rankings. It fell to No. 7 in the 2019 list, following reports in March 2018 that political consulting firm Cambridge Analytica had improperly accessed the data of 87 million Facebook users.

Facebook’s drop comes as regulators put the social media company in the crosshairs of antitrust investigations. The 2020 Glassdoor rankings show that employees no longer regard working at the social media company as they once did. After the Cambridge Analytica scandal, the company struggled to recruit college graduates and software engineers, former Facebook recruiters told CNBC in May.

Glassdoor bases its ranking on eight factors, including work/life balance, senior management and compensation and benefits. To be ranked, companies must have at least 1,000 employees and receive at least 75 ratings across the eight categories during the eligibility period.

Among the complaints, employees told Glassdoor that Facebook is now “painstakingly slow” when it comes to making decisions on matters of privacy due to its numerous scandals over the past two years. Employees also complained that high-profile projects are extremely political and there is a lack of work-life balance.