Valeant - Disappointed by management team #2, but it's a new day with management team #3 | Glassdoor
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There are newer employer reviews for Valeant

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Helpful (1)

"Disappointed by management team #2, but it's a new day with management team #3"

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  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee in Aliso Viejo, CA
Former Employee - Anonymous Employee in Aliso Viejo, CA
Approves of CEO

Pros

Current: on the winning side of industry consolidation, great stock performance

Cons

Past: driven by bets on R&D and politics

Advice to Management

Current team: keep up the good work, enjoy NJ
Past team: next time be kinder & avoid R&D bets

Other Employee Reviews for Valeant

  1. Helpful (2)

    "OK place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Aliso Viejo, CA
    Former Employee - Anonymous Employee in Aliso Viejo, CA
    Doesn't Recommend
    Approves of CEO

    Pros

    The people were the best part of Valeant. Almost everyone was very professional and competent. Sales force is recognized as some of the best sales representatives in the business. They have some good products and strong executive leadership with an aggressive strategic plan.

    Cons

    Valeant laid off alot of their good talent and knowledge resources after merging with BioVail last fall. Rumor has it that communication down to the sales force is scarce and has many people wondering what is really going on at headquarters.


  2. Helpful (4)

    "Valeant Pharmaceutical"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Petaluma, CA
    Former Employee - Anonymous Employee in Petaluma, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The people who work there, excluding the senior management, are some of the finest people I've ever known. They are supportive, knowledgeable, and possess a high level of integrity. It was the kind of place where one would be proud to say they worked there.

    Cons

    The senior management at Valeant have shown themselves to be very shortsighted and uninformed. Valeant bought a small privately held pharmaceutical company named Dow Pharmaceutical. This company had a proven track record of growth and innovation. It was a place where one would look forward to going to work everyday. After the takeover the contract business all but disappeared because other large pharmaceutical companies were not comfortable with sharing their projects with a large mercenary competitor. Morale dropped to the point where almost every day someone else was leaving to find another job. Then Valeant merged with BioVale, another large Pharmaceutical company. The result was a massive round of layoffs. One third of the workforce was cut. The original company, Dow, as I had known it was reduced to just a shell and needless to say morale is now at a new low. The value of Valeant shares (vrx) on the open market has been on a steady decline ever since. This is not what I would consider a successful business model.

    Advice to Management

    Maybe you should rethink some of the decisions you have been making lately.

There are newer employer reviews for Valeant
There are newer employer reviews for Valeant

See Most Recent

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