Valeant - Unsustainable Business Model - House of Cards ready to fall to the ground | Glassdoor
  1. Helpful (6)

    "Unsustainable Business Model - House of Cards ready to fall to the ground"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    R&D in Rochester, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Valeant

    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.

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    Valeant2015-10-29
  1. "Great company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Middle Management in Elizabeth, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Valeant full-time for less than a year

    Pros

    Very friendly environment and good people

    Cons

    None noticed so far since I started

    Valeant2018-04-02
  2. "Hospital Rep"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Sales Representative 
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Valeant full-time for more than 8 years

    Pros

    Autonomy, good products, many resources to do your job

    Cons

    Company is only interest in profit and don’t value patients

    Continue reading
    Valeant2019-12-10

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