Dec 5, 2018

Facebook tumbles in survey of best places to work

Photo: Facebook

After a year of scandals, Facebook lost its place as the best company to work at, according to Glassdoor. Facebook fell from first to seventh in the survey.

Why it matters: While customer defections or new regulations could both be longer-term consequences of the company's many trials, employee retention could be the most immediate challenge.

The bigger picture: The Glassdoor survey follows a largely anecdotal report from CNBC that more Facebook employees have been seeking references from former coworkers.

The Wall Street Journal reported last month that surveys showed morale taking a hit after a year that has included a number of unflattering revelations and a declining stock price.

Yes, but: Facebook is still among the top firms in the survey.

By the numbers:

  • In all, there were 29 tech companies among the top 100, including Zoom Video Communications at No. 2, behind only Bain & Co.
  • Google, at No. 8, is just one place below Facebook.
  • Microsoft-owned LinkedIn was 6th, up from 21st.
  • Apple, which is one of only three companies that has been on the list all 11 years of the survey, moved up to No. 71, from No. 84 last year.
  • Other tech firms on the list include Hubspot (No. 16), Docusign (No. 17), Ultimate Software (No. 18), Paylocity (No. 20), SAP (No. 27) Adobe (No. 30), Microsoft (No. 34), Nvidia (No. 36), Intuit (No. 38)

Go deeper

Coronavirus breaks the telecom bundle

Reproduced from Park Associates "Broadband Services in the U.S." report; Note: 2019 survey was conducted in Q3, with 10,059 respondents and a ±1% margin of error; Chart: Axios Visuals

Consumers are adopting stand-alone broadband services at a much higher rate than just two years ago, and analysts predict that the economic downturn prompted by the COVID-19 outbreak will accelerate the trend.

Why it matters: With a recession looming, consumers may look to cut pay TV service in favor of more robust standalone internet packages once they're free to leave their homes.

America's funeral homes buckle under the coronavirus

Illustration: Aïda Amer/Axios

Morgues, funeral homes and cemeteries in hot spots across America cannot keep up with the staggering death toll of the coronavirus pandemic.

Why it matters: The U.S. has seen more than 10,000 deaths from the virus, and at least tens of thousands more lives are projected to be lost. The numbers are creating unprecedented bottlenecks in the funeral industry — and social distancing is changing the way the families say goodbye to their loved ones.

Navarro memos warning of mass coronavirus death circulated in January

Image from a memo to President Trump

In late January, President Trump's economic adviser Peter Navarro warned his White House colleagues the novel coronavirus could take more than half a million American lives and cost close to $6 trillion, according to memos obtained by Axios.

The state of play: By late February, Navarro was even more alarmed, and he warned his colleagues, in another memo, that up to two million Americans could die of the virus.

Go deeperArrowUpdated 2 hours ago - Health