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Unsustainable Business Model - House of Cards ready to fall to the ground - R&D Valeant Employee Review

1.0
28 Oct 2015
Recommend
CEO approval
Business outlook

Pros

No real pros working for a sleazy company with unethical and probably illegal business practices.

Cons

Business model is to borrow, buy, cut costs with huge layoffs. They carry a huge debtload and are under numerous investigations for their sleazy business practices. The Philidor training manual describes this in great detail They may say that they don't "own" Philidor but their figures are included on Valeant's financial statements and Valeant employees use fictional names in emails when working at Philidor. Philidor employee paychecks are from Valeant. The stock that they give employees as a "bonus" is crashing and soon will be worthless. With each acquisition they lay off the best talent and all of the R&D people. Now Pearson says he wants to focus less on acquisitions and more on R&D. Too bad you laid all those people off. I'm just going to sit back and watch this show and thank my lucky stars I jumped their ship when they acquired my company. They layed off my entire department and expected me to do all of the work and then were completely floored when I gave my notice.

Explore other reviews about Valeant

5.0
31 Jul 2018
Anonymous intern
Recommend
CEO approval
Business outlook

Pros

Great company to intern for, had professional development and workshop opportunities for the group of college interns.

Cons

None worth mentioning, it was a great experience!

1.0
1 Nov 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good insurance, some people are able to work from home, sales vehicle

Cons

Myself and several colleagues had brought up concerns with a growing toxic culture to management and unfortunately no steps were taken to help improve it. They like to lead with a stick instead of a carrot. So many people left when I left, due to the same reason. They don't care about the people working there. We are only numbers to them.

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