Twitter Inc (NYSE:TWTR) is going through adolescence, Glassdoor co-founder and CEO Robert Hohman said in an interview with Emily Chang on Bloomberg West.
The comment from the Glassdoor top executive comes after his company released their annual best places to work in list. Twitter Inc (NYSE:TWTR) fell off the top 50 this year in contrast to being the highest-ranked technology company last year.
“They are still a great place to work. […] They are well above the average in terms of their rating but they just didn’t make the top 50. This is this phenomenon where a company ranks really highly in the year that they go public,” Hohman said.
Furthermore, Twitter Inc (NYSE:TWTR) experienced what he called the “halo effect” of an IPO year. This is pretty common, the Glassdoor CEO said, as is some churn in the years after going public.
Nonetheless, he did acknowledge that the company may have had more churn after its IPO year than most other companies. He noted that a lot of employees who partook in the Glassdoor study pointed to a lot of reorganization in the product and engineering teams inside the technology company contributing to lower satisfaction.
However, Hohman said that he expects Twitter Inc (NYSE:TWTR) to be back on the list.
“I personally think Twitter is going through adolescence. Dick Costolo [Twitter CEO] is an amazing leader. I suspect that he’s making the changes that need to happen at Twitter and we’re probably going to see them back next year,” he said.
Daniel Benton’s Andor Capital Management is a shareholder of Twitter Inc (NYSE:TWTR), owner of one of the most visited websites in the world in 2014. The firm reported ownership of 5.75 million shares in the technology company by the end of the third quarter, a 15% increase quarter-over-quarter.