Alternative possible headline working just as well. People are still applying en masse to work at Facebook.
Among top schools, Facebook’s acceptance rate for full-time positions offered to new graduates has fallen from an average of 85% for the 2017-2018 school year to between 35% and 55% as of December.
A fall in acceptance rates may mean saturation in needed roles at Facebook.
No. If Facebook didn't need those people, they wouldn't have extended an offer to them in the first place, so it wouldn't have affected acceptance rates.
I think these are primarily offers given to interns. Otherwise, why go through the interview process if you don't want to work there? It may be a better place to go for internship than for full time.
Then again, maybe their compensation packages may no longer be competitive. It's possible.
They're competitive cash-wise. But the career hit is unmistakable.
(My friends who had other options eventually got tired of carrying around reputation that comes with that place. If you have no other options, that's one thing. But not everyone loves broadcasting that fact.)
Having witnessed it personally, yes there is. It's not evenly distributed. And if you do something amazing later on, people will look past it. But it's there in a way it isn't for e.g. Apple or Google or Amazon.
> People love to complain about Goldman Sachs too, but that still looks good on a resume
Goldman is universally respected within finance. Facebook is not universally respected within tech.
(Neither Goldman nor Facebook care about public opinion, outside of managing political risk, since neither sells its product to the mass market [1].)
[1] Goldman recently started doing this, though
But there's definitely some amount of stigma associated with having Facebook on your resume. The interesting question is whether that's temporary, or whether it will become even more pronounced over time.
I could see it going either way.
I'd be hesitant about someone who'd work for Madoff.