Among top schools, such as Stanford, Carnegie Mellon and Ivy League universities, 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, according to former Facebook recruiters. The biggest decline came from Carnegie Mellon University, where the acceptance rate for new recruits dropped to 35%.
I spoke to some activist Facebook investors recently. Their big fear isn’t that the current scandals pose an immediate threat to Facebook’s profits, or that they won’t be able curtail some of the platform’s biggest problems. It’s that while the firm is busy solving those issues, and trying to restore the company’s tattered reputation, it’ll be falling behind on whatever comes next.
There can be several warning signs. Not being able to hire key talent is one such canary in the coal mine.