Apple Inc. (NASDAQ:AAPL) is still one of the top 100 companies in America to work for, according to employer review site Glassdoor, but its favor among current and former employees appears to be waning.
Yahoo! Finance has more details on Apple’s recent slide down the list:
Facebook (FB) may have reclaimed the No. 1 spot on Glassdoor’s “100 Best Places to Work in the U.S.” this year, but Apple (AAPL) didn’t fare quite as well. The Cupertino, California, tech giant saw its rank tumble 48 spots from No. 36 to No. 84 on the same list.
To be fair, Apple remains a highly rated employer, with a 4.3 out of 5 rating at the time Glassdoor compiled the list — a rating that inched up slightly by 0.1 versus last year. However, several other tech companies surpassed Apple in the process, including Google (GOOG, GOOGL) at No. 5, HubSpot at No. 7, World Wide Technology at No. 8, Ultimate Software (ULTI) at No. 10., Yahoo at No. 65 and VMWare (VMW) at No. 33.
Common complaints among current and former Apple employees on Glassdoor paint a picture of a company that is somehow “strapped for resources” despite having more money than any firm in history, internal politics that can make advancement difficult, and heavy pressure to “deliver at a high standard with quick turnaround.” A lack of free lunch for employees is also a typical gripe.
It’s not all bad news, however. Employees are positive on Apple’s great benefits, fantastic colleagues to work with, and the fact that many are able to work from home.
Apple Inc. shares rose $0.60 (+0.36%) in premarket trading Thursday. Year-to-date, AAPL has gained 48.27%, versus a 19.44% rise in the benchmark S&P 500 index during the same period.