Abbott Labs

www.abbott.com
There are newer employer reviews for Abbott Labs

 

Satisfactory for internship

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Anonymous Employee in Chicago, IL
Former Employee - Anonymous Employee in Chicago, IL

I worked at Abbott Labs

Pros

The environment was very good and friendly considering it is such a large multinational corporation. The salary was also competitive

Cons

Expect you to work hard and cannot blame them considering the competitive salary level and what the company does on a day-to-day basis.

Advice to ManagementAdvice

Would recommend people who feel they would like to be part of a company that makes roducts that are used everday and everywhere.

No opinion of CEO

641 Other Employee Reviews for Abbott Labs (View Most Recent)

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  1. 1 person found this helpful  

    Satisfactory, however M&A had significant impact on long term employee security and growth opportunities.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Pharmaceuticals Sales Representative in Annapolis, MD
    Former Employee - Pharmaceuticals Sales Representative in Annapolis, MD

    I worked at Abbott Labs

    Pros

    Good pay, bonus adequate, profit sharing, pension,

    Cons

    M&A created far too large a sales force with far too few products to promote and too many reps on teams in territories with inadequate pipeline to support the sales force led to 40% reduction in force in 2011. Many tenured highly productive reps at or near pension were let go along with the 900 reps positions that were eliminated, while other non productive less tenured reps were retained. Bell curve was enough to avoid legal actions. Abbotts business is no longer patient or personnel focused, simply the bottom line for upper management and their focus on retaining their hghly overcompensated positions. Dismanagement abounds.

    Advice to ManagementAdvice

    Nothing the reps would have to say about the real world would be of interest to Miles White, hence the reduction of 40% of the sales force and he retains his over paid postion.

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful  

    Abbott bought out my former company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Atlanta, GA
    Former Employee - Anonymous Employee in Atlanta, GA

    I worked at Abbott Labs

    Pros

    It is a Fortune 500 company

    Cons

    Big pharma company and you are just a number there

    Advice to ManagementAdvice

    Dont buy more than you can chew

    No opinion of CEO
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