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I have been working at Philips full-time (More than 3 years)
People work well with each other, not a political organization. Good Process in place and is a good place to start a career. Work-Life balance is good and salaries are competitive in bringing in new hires. Good benefit package.
Not a dynamic organization with a heavy senior staff some which are in semi-retirement mindset. Heavy focus on costs as major products are a commodity in market. Management sometimes can make a priority call. Part of Global Organization (Philips) so there are the random small layoffs (Two layoffs in three years, but only 1% of workforce).
Advice to Management
Set a clear direction and get the workforce energized behind it.