Valeant - Short tenure - was downsized after merger | Glassdoor
There are newer employer reviews for Valeant
There are newer employer reviews for Valeant

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Helpful (1)

"Short tenure - was downsized after merger"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Sales Representative
Former Employee - Sales Representative
Doesn't Recommend
Negative Outlook
No opinion of CEO

I worked at Valeant full-time

Pros

Worked at Biovail for years. Loved it. After the Valeant merger (it wasn't a merger, more of a Biovail dismantling) I was downsized. I was extremely happy with the severance package, I feel I was treated with the utmost respect during the whole process.

Cons

Biovail got a new CEO who in hindsight wanted to completely dismantle the company - so costs were dramatically cut, delivery technologies were offloaded, etc. Then the merger with Valeant was announced, and they basically fired EVERYONE (for the most part - vast majority anyway) at the Biovail head office. Plus downsized a majority of reps, which included me.

Advice to Management

In Canada you guys are well below national target for the 6th year in a row (if you include the Biovail targets) - either fire the marketing team or the consultants who set the numbers for you - you will be facing a mass exodus soon - I am still in touch with employees. I immediately found alternate employment in a new industry, I consider myself fortunate - I actually feel bad for pharma reps these days.

Other Employee Reviews for Valeant

  1. "A very good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative in Sofia (Bulgaria)
    Current Employee - Administrative in Sofia (Bulgaria)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Valeant full-time (Less than a year)

    Pros

    Very good team, excelent management, team oriented company

    Cons

    Getting a bit bureaucratic in the last few months

    Advice to Management

    Not increasing salaries for years is not a good motivator.


  2. Helpful (1)

    "Biovail was a very good place to work. Unfortunatly, it merged with valeant pharmaceuticals."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager
    Former Employee - Manager
    Recommends

    Pros

    Compensation, benefits, work flexibility, people, team work

    Cons

    no job advancement for middle management

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

See Most Recent

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