Probably not in a direct way unless you work in PR, but yes. Part of the allure of working at a major tech company like Google, Facebook, etc was being able to

Probably not in a direct way unless you work in PR, but yes. Part of the allure of working at a major tech company like Google, Facebook, etc was being able to brag that you worked at shiny company. Now the shine is off, and your friends and family aren't enthusiastic about it anymore and may even be asking you hard questions. It's not a great feeling. As others have mentioned, the stock price is down, so your compensation is significantly lower. Management is distracted by these problems. Recruiting is probably a bit harder. For many of Facebook's younger employees this may be the first time they've seen a company face adversity like this, and their identity may be wrapped up in working for Facebook. Working at Facebook is still a good job, but I'd imagine that there's lower morale in general, and that turnover has increased because of these issues.