glassdoor
{{Short description|American website about employers and employment}}
{{for|doors made of glass|Sliding glass door}}
{{Infobox website
| name = Glassdoor, Inc.
| logo = Glassdoor Logo 2023.svg
| location = 50 Beale Street, {{nowrap|San Francisco, California,}} U.S.
| founder = {{Unbulleted list|Robert Hohman|Rich Barton|Tim Besse}}
| key_people = {{Unbulleted list|Robert Hohman (chairperson)|Christian Sutherland-Wong (CEO)}}
| industry = Internet
| services = Online employment
| url = {{URL|https://www.glassdoor.com/|glassdoor.com}}
| registration = Required
| language = Multilingual
| company_type = Subsidiary
| parent = Recruit Holdings
| commercial = Yes
| num_employees =
| website_type = Job search engine, review site
| foundation = {{start date and age|2007|6}}
| current_status = Active
}}
Glassdoor is an American website where current and former employees anonymously review companies, operated by the company of the same name.Associated Press, March 29, 2013, cbc.ca, [https://www.cbc.ca/news/business/employees-rate-their-employers-ceos-on-glassdoor-1.1314945 Employees rate their employers, CEOs on Glassdoor]
In 2018, the company was acquired by the Japanese company Recruit Holdings (owner of Indeed) for US$1.2 billion, and it continues to operate as an independent subsidiary.{{cite web |url=https://www.bizjournals.com/sanfrancisco/news/2018/05/08/job-site-glassdoor-acquired-japan-recruit-holdings.html |title=Glassdoor acquired by Japan-based Recruit Holdings for $1.2 billion to create job-site giant |first=Alisha |last=Green |orig-date=May 8, 2018 U|date=May 9, 2018 |website=www.bizjournals.com}}{{Cite news|url=https://www.cnet.com/news/glassdoor-to-be-acquired-for-1-2b-by-japanese-hr-company/#ftag=CAD590a51e|title=Glassdoor to be acquired for $1.2B by Japanese HR company|last=Musil|first=Steven|date=May 8, 2018|work=CNET|access-date=May 8, 2018}}
Founding
The company was co-founded in 2007 by Tim Besse, Robert Hohman (who serves as the company's CEO), and Expedia founder Rich Barton, who served as the company's chairman. The idea came from a brainstorming session between Barton and Hohman when Barton relayed the story of accidentally leaving the results of an employee survey on the printer while working at Expedia.{{Cite news |last=Wingfield |first=Nick |date=2014-04-14 |title=The Art of 'Something From Nothing' |language=en-US |work=The New York Times |url=https://www.nytimes.com/2014/04/14/technology/the-art-of-something-from-nothing.html |access-date=2023-10-03 |issn=0362-4331}} The two hypothesized that if the results had been revealed publicly, it could have been a service to those looking to make career decisions.{{cite web|url=https://www.nytimes.com/2014/04/14/technology/the-art-of-something-from-nothing.html|title=The Art of 'Something From Nothing'|date=April 14, 2014|work=The New York Times}} The company's headquarters were established in Mill Valley, California.
Website
Glassdoor launched its company ratings site in June 2008,Erik Schonfeld, TechCrunch, June 10, 2008, [https://techcrunch.com/2008/06/10/at-glassdoor-find-out-how-much-people-really-make-at-google-microsoft-yahoo-and-everywhere-else/ At Glassdoor, Find Out How Much People Really Make At Google, Microsoft, Yahoo, And Everywhere Else.] as a site that "collects company reviews and real salaries from employees of large companies and displays them anonymously for all members to see", according to TechCrunch. The company then averaged the reported salaries, posting these averages alongside the reviews employees made of the management and culture of the companies they worked for – including some of the larger tech companies like Google and Yahoo.{{cite web|url=https://techcrunch.com/2008/06/10/at-glassdoor-find-out-how-much-people-really-make-at-google-microsoft-yahoo-and-everywhere-else/|title=At Glassdoor, Find Out How Much People Really Make At Google, Microsoft, Yahoo, And Everywhere Else.|date=June 10, 2008|publisher=AOL|work=TechCrunch}} The site also allows the posting of office photographs and other media.{{cite web |date=July 17, 2015 |title=What Glassdoor Has Learned From Seven Years Of Studying Other Companies |url=http://www.fastcompany.com/3048590/lessons-learned/what-glassdoor-has-learned-from-seven-years-of-studying-other-companies |work=Fast Company}} Each year Glassdoor ranks overall company ratings to determine its annual Employees’ Choice Awards, also known as the Best Places to Work Awards.Rob Grant, Daily Telegraph, April 8, 2013, [https://www.telegraph.co.uk/technology/facebook/9978582/Facebook-voted-worlds-best-employer.html Facebook voted world's best employer] Before July 2024, users only required an email address to sign up and leave a review.{{Cite magazine |last=Hoover |first=Amanda |title=Glassdoor Wants to Know Your Real Name |url=https://www.wired.com/story/glassdoor-wants-to-know-your-real-name/ |access-date=2024-03-20 |magazine=Wired |language=en-US |issn=1059-1028}}
The site later also began focusing on CEOs and workplaces and what it is like to work at jobs in general.{{cite book|url=https://books.google.com/books?id=f-a00W_d1ugC&pg=PA91|title=Job Reconnaissance|isbn=9780124166608|last1=More|first1=Josh|year=2013|publisher=Elsevier }} Employee reviews are averaged for each company.{{cite book|url=https://books.google.com/books?id=qQswSQwJqWUC&pg=PA35|title=Good Company|isbn=9781609940638|last1=Bassi|first1=Laurie|last2=Frauenheim|first2=Ed|last3=Costello|first3=Lawrence|year= 2011|publisher=Berrett-Koehler Publishers }} Glassdoor ratings are based on user-generated reviews. The company has stated that it rejects about 20% of entries after screening.Calgary Herald, April 10, 2013, [https://calgaryherald.com/business/Website+lets+workers+rate+their+bosses+anonymously/8221492/story.html Website lets workers rate their bosses anonymously]Vanessa Wong, BusinessWeek, March 18, 2013, [https://web.archive.org/web/20130321013236/http://www.businessweek.com/articles/2013-03-18/why-employees-like-zuckerberg-and-other-popular-ceos Why Employees Like Zuckerberg (and Other Popular CEOs)] Rules for posting reviews are different for smaller companies than they are for larger companies in order to preserve the anonymity of people in close departments.{{cite web|url=http://www.cio.com/article/2931472/job-search/how-glassdoor-s-reviews-help-you-find-your-dream-job.html?page=2|title=How Glassdoor's reviews help you find your dream job|author=Sarah K. White|date=June 4, 2015|work=CIO|access-date=February 10, 2016|archive-date=February 2, 2017|archive-url=https://web.archive.org/web/20170202095505/http://www.cio.com/article/2931472/job-search/how-glassdoor-s-reviews-help-you-find-your-dream-job.html?page=2|url-status=dead}}
In 2010, Glassdoor released a fee-based program called "Enhanced Employer Profiles", which allows employers to include their own content on Glassdoor profiles, like executive biographies, classifieds, social media links, and referrals.Nick Wingfield, Wall Street Journal, June 23, 2010, [https://blogs.wsj.com/digits/2010/06/23/employers-sound-off-on-company-review-site/ Employers Sound Off on Company Review Site] The company also allows users to post potential job interview questions that might be asked by certain companies, acquired by interviewed job candidates,{{cite web|url=http://www.sfgate.com/business/article/16-unusual-interview-questions-you-may-face-at-6569103.php|title=16 unusual interview questions you may face at Facebook|author=Julie Balise|date=October 14, 2015|work=SFGate}} in addition to other information that can be used to prepare job applications.{{cite book|url=https://books.google.com/books?id=KCZ0AwAAQBAJ&pg=PT29|title=Mindsharing|isbn=9781101633649|last1=Zoref|first1=Lior|year=2015|publisher=Penguin }} The reputation a company has on Glassdoor has also been found correlative by Case Western Professor Casey Newmeyer.{{cite web|url=http://www.post-gazette.com/business/pittsburgh-company-news/2015/10/18/CEO-awful-Great-culture-Pittsburgh-area-firms-among-those-graded-on-Glassdoor/stories/201510180050|title=CEO awful? Great culture? Pittsburgh-area firms among those graded on Glassdoor|work=Pittsburgh Post-Gazette}} Business Journal has recommended that CEOs review Glassdoor reviews to "telegraph organizational issues".{{cite web|url=http://www.bizjournals.com/bizjournals/how-to/human-resources/2015/06/are-you-suffering-from-glassdoor-angst.html?page=all|title=Are you suffering from 'Glassdoor angst'?|author=Bob Corlett|date=June 3, 2015|work=The Business Journals}}
In 2017, Glassdoor announced on its website that it would no longer post job advertisements that exclude people with criminal records. The business magazine Entrepreneur praised the move.{{Cite news|url=https://www.entrepreneur.com/article/304373|title=Glassdoor Has Changed Its Policy on Ex-Cons. Why You Should, Too.|last=Huhman|first=Heather R.|date=November 13, 2017|work=Entrepreneur|access-date=November 15, 2017|language=en}}
In May 2020, Glassdoor announced it was laying off 300 people, accounting for 30% of the company's workforce and half of the Chicago office.{{Cite web|title=Glassdoor lays off 30% of its staff, sees domino effect on its data|url=https://media.thinknum.com/articles/glassdoor-lays-off-30-of-its-staff-sees-domino-effect-on-its-data/|access-date=2020-10-04|website=media.thinknum.com|language=en}} Another layoff was announced of approximately 140 people, or 15% of the company's workforce in March 2023.{{cite web | url=https://layoffstracker.com/glassdoor-lays-off-140-employees/?expand_article=1 | title=Glassdoor Lays off 140 employees - LayoffsTracker | date=23 March 2023 }} Following the rise of the COVID-19 pandemic, the employees worked fully remote starting in March 3, 2020. The final remaining offices at Chicago and San Francisco are closing in 2024.{{Cite web |last=Thier |first=Jane |date=February 29, 2024 |title=Glassdoor is closing its final remaining offices in Chicago and San Francisco as it goes fully remote |url=https://fortune.com/2024/02/29/glassdoor-closing-offices-fully-remote-christian-sutherland-wong-interview/ |access-date=2024-03-20 |website=Fortune |language=en}}
Following the acquisition of the work discussion app Fishbowl, new and old users are now required to input their full name, workplace, and job title, though those details could be hidden. It is impossible to delete names from accounts, nor can they be changed without contacting support.
Reports
Glassdoor produces reports based upon the data collected from its users, on topics including work–life balance,{{cite web|url=https://venturebeat.com/2015/10/20/glassdoor-of-the-top-25-u-s-jobs-for-work-life-balance-in-2015-10-are-in-the-tech-industry/|title=Glassdoor: Of the top 25 U.S. jobs for work-life balance in 2015, 10 are in the tech industry – VentureBeat – Business – by Emil Protalinski|work=VentureBeat|date=20 October 2015 }} CEO pay-ratios,{{cite news|url=https://blogs.wsj.com/cfo/2015/08/25/glassdoor-offers-sneak-peek-into-coming-ceo-pay-ratio-disclosures/|title=Glassdoor Offers Sneak Peek Into Coming CEO Pay-Ratio Disclosures|author=Maxwell Murphy|work=WSJ|date=25 August 2015 }} lists of the best office places and cultures,{{cite web|url=http://www.sfgate.com/business/article/These-are-the-10-coolest-offices-Glassdoor-says-6554736.php|title=These are the 10 coolest offices, Glassdoor says|author=Julie Balise|date=October 7, 2015|work=SFGate}} and the accuracy of corporate job searching maxims.{{cite web|url=http://www.fastcompany.com/3049709/new-glassdoor-survey-suggests-its-who-you-know-is-only-slightly-true-for-job-seekers|title=New Glassdoor Survey Suggests "It's Who You Know" Is Only Slightly True For Job Seekers|date=August 12, 2015|work=Fast Company}} Glassdoor also puts the conclusions of its research of other companies towards its company policies. In 2015, Tom Lakin produced the first study of Glassdoor in the United Kingdom, concluding that Glassdoor is regarded by users as a more trustworthy source of information than career guides or official company documents.{{cite web |author=Lakin |first=Tom |date=7 September 2015 |title=Why you shouldn't ignore Glassdoor |url=http://www.hrmagazine.co.uk/article-details/why-you-shouldnt-ignore-glassdoor |website=HR Magazine}}{{cite news |author=Frith |first=Becky |date=3 August 2015 |title=Glassdoor trusted more than employers |url=http://www.hrmagazine.co.uk/article-details/glassdoor-trusted-more-than-employers |newspaper=HR Magazine}}
Acquisitions and leadership
In May 2018, Recruit Holdings announced its intention to acquire Glassdoor for $1.2 billion in cash, with the acquisition completed in June 2018.{{Cite press release |url=https://www.prnewswire.com/news-releases/recruit-holdings-announces-completion-of-glassdoor-acquisition-300669980.html |title=Recruit Holdings Announces Completion Of Glassdoor Acquisition |website=www.prnewswire.com}}
In September 2016, Glassdoor acquired Brazil's Love Mondays, expanding to Latin America.{{cite web |author=Ingrid Lunden |date=8 September 2016 |title=Glassdoor acquires Brazil's Love Mondays to expand into Latin America |url=https://techcrunch.com/2016/09/08/glassdoor-acquires-brazils-love-mondays-to-expand-into-latin-america/ |publisher=TechCrunch}}
In 2014, the company hired Adam Spiegel as its CFO, with the intention of preparing for an eventual IPO. By 2015, the site had 30 million users from 190 countries and corporate clients including one-third of all Fortune 500 companies. That year, Glassdoor also began creating localized websites and mobile apps for different national jurisdictions, such as Germany.{{cite web |date=January 15, 2015 |title=Glassdoor Launches in Germany |url=http://www.marketwired.com/press-release/glassdoor-launches-in-germany-1983100.htm |publisher=Marketwired |access-date=November 6, 2017 |archive-date=August 2, 2020 |archive-url=https://web.archive.org/web/20200802020143/https://www.globenewswire.com/Home/404Page |url-status=dead }}
In February 2019, Glassdoor announced that COO Christian Sutherland-Wong would be promoted to President & COO.{{Cite web |date=2019-02-12 |title=Glassdoor Chief Operating Officer Christian Sutherland-Wong Promoted To President |url=https://www.glassdoor.com/about-us/glassdoorpresident/ |access-date=2019-07-09 |website=Glassdoor About Us |language=en-US |archive-date=2021-09-21 |archive-url=https://web.archive.org/web/20210921113453/https://www.glassdoor.com/about-us/glassdoorpresident/ |url-status=dead }}
In 2023, Glassdoor acquired work-related social app Fishbowl.
Investments
The company received its first financing in 2008, receiving $3 million in funding, before launching its website.{{cite web|url=https://techcrunch.com/2008/03/27/stealth-startup-glassdoorcom-takes-3-million-series-b/|title=Stealth Startup Glassdoor.com Takes $3 Million Series B|author=Duncan Riley|date=March 27, 2008|publisher=AOL|work=TechCrunch}} In 2012 Glassdoor received $20 million of venture capital, taking its total outside funding to $42.2 million.Sarah Perez, TechCrunch, October 31, 2012, [https://techcrunch.com/2012/10/31/with-40-of-traffic-from-outside-u-s-glassdoor-raises-20-million-series-d-to-expand-internationally/ Glassdoor Raises $20M Series D To Expand Internationally] The following year, the company raised an additional $50 million.{{cite web|url=https://venturebeat.com/2013/12/05/career-community-glassdoor-raises-50m-to-ramp-up-international-expansion/|title=Career community Glassdoor raises $50M to ramp up international expansion – VentureBeat – Deals – by Devindra Hardawar|work=VentureBeat|date=5 December 2013 }} In 2015, the company raised an additional $70 million, in an investment round led by Google Capital, giving the company a valuation of just short of $1 billion. The total of investment at this point was $160 million.{{cite news|url=https://blogs.wsj.com/venturecapital/2015/01/06/glassdoor-raises-70-million-with-a-valuation-near-1-billion/|title=Google Capital Leads $70 Million Round for Job Review Site Glassdoor|author=Deborah Gage|work=WSJ|date=6 January 2015 }} In 2016 Glassdoor raised an additional $40 million from investors.{{cite web|last1=julieverhage|first1=Julie Verhage|title=Glassdoor Raises New Funding at a Higher Valuation While Public Markets Struggle|url=https://www.bloomberg.com/news/articles/2016-06-03/glassdoor-raises-new-funding-at-a-higher-valuation-while-public-markets-struggle|website=Bloomberg.com|access-date=November 8, 2016|date=June 3, 2016}}
Anonymity
In November 2017, the U.S. Court of Appeals required disclosing Glassdoor's anonymous users' identities to prosecutors investigating possible criminal misconduct by their employers. Investigators sought to speak with reviewers who might have seen crimes committed. The court's decision did not require sharing reviewers' identities with employers.{{Cite web |date=14 November 2017 |title=Court requires Glassdoor reveal identities of anonymous users – The American Genius |url=https://theamericangenius.com/business-news/court-requires-glassdoor-reveal-identities-anonymous-users/ |access-date=November 15, 2017 |website=theamericangenius.com |language=en-US}}
In June 2022, Glassdoor lost a defamation lawsuit, forcing it to unmask the identity of users of the Glassdoor website who anonymously left negative reviews about their former employer. The ruling was regarding Zuru, a New Zealand company.{{cite news|url= https://fortune.com/2022/07/19/glassdoor-court-order-reveal-employees-behind-anonymous-reviews/ |title= Glassdoor ordered to unmask former toy company employees who posted scathing criticism, showing the scary stakes of 'anonymous' reviews |access-date= December 4, 2022 }}
Following a policy change in 2024 which required all users to verify their identity, real names and other personal information were automatically added to user profiles. Per Glassdoor's terms of service, the data is sourced from third parties and other sister services. While users could still leave anonymous reviews, news site Ars Technica claimed this made the service vulnerable to data leaks in cases of data breaches and subpoenas.{{Cite web |last=Belanger |first=Ashley |date=2024-03-19 |title=Users ditch Glassdoor, stunned by site adding real names without consent |url=https://arstechnica.com/tech-policy/2024/03/glassdoor-adding-users-real-names-job-info-to-profiles-without-consent/ |access-date=2024-03-20 |website=Ars Technica |language=en-us}}
References
{{Reflist|30em}}
External links
- {{official website|https://www.glassdoor.com/}}
Category:Business services companies established in 2007
Category:Employment websites in the United States
Category:Companies based in San Francisco
Category:Mill Valley, California
Category:Internet properties established in 2008
Category:2007 establishments in California
Category:American review websites
Category:2018 mergers and acquisitions