Facebook morale plunges through last year: WSJ

Facebook employee morale will be down after a turbulent year for the company, according to the reported findings of an internal survey.

Among employees, 52 percent said they were optimistic about Facebook’s future, which will be down through 84 percent a year ago, according to the Wall Street Journal, which on Wednesday reported the October findings of Facebook’s biannual survey.

Similarly, 70 percent of employees said they were proud to work at Facebook, compared to 87 percent a year prior. Employee commitment has also taken a hit. On average, employees said they intend to remain with the company for another 3.9 years, down through 4.3 years last October.

Facebook CEO Mark Zuckerberg addressed the survey findings in an early November Q&A with employees, saying the company will be taking steps to solve underlying issues, according to the report.

These declines come after a trying year for Facebook that will has seen the company weather an executive exodus, multiple user data scandals, an ongoing challenge to curtail harmful content in addition to misinformation, flat or declining user growth in key markets, in addition to a more than 35 percent drop in its share cost since its peak in July. Facebook did not return a CNBC request for comment.

Read the full story at the Wall Street Journal.

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