Veeco Instruments Reviews | Glassdoor

Veeco Instruments Reviews

Updated January 30, 2017
15 reviews

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Veeco Instruments CEO and Director John R. Peeler
John R. Peeler
9 Ratings

15 Employee Reviews

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Pros
Cons
  • Senior management are liars, unfair and genuinely don't care about people (in 6 reviews)

  • Profound Lack of vision and leadership at the engineering 'leadership' level (in 3 reviews)

More Pros and Cons

  1. Helpful (3)

    "Run and Don't Look Back"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Scientist in Somerset, NJ
    Former Employee - Senior Scientist in Somerset, NJ
    Recommends
    Negative Outlook
    Disapproves of CEO

    I worked at Veeco Instruments full-time (More than 5 years)

    Pros

    Good people to work with at the individual contributor level.

    Cons

    Veeco is disfunction personified.

    Senior management are liars, unfair and genuinely don't care about people. A few career-minded individuals rise to the top for no clear reason other than their ability to schmooze and tell stories.

    7 layoffs in 4 years; 4 GMs in 4 years; 5 HR director in 5 years, the list goes on and on. MOCVD business unit has over 300 employees in early 2012 and now it's down to ~120 people or so (and it keeps shrinking).

    Hires rejects from other bigger capital equipment companies to be the 25th senior directors or vice presidents in the hope to revitalize its business. The only way to save Veeco is by firing its CEO and President who perpetrate a culture of fear, distrust and extreme politics among its employees.

    More and more resorting to 'financialization' of its business instead of investing in things that matter, such as RnD and innovation.

    Advice to Management

    Have shame and stop driving Veeco to the ground.


  2. "Machinist 3"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Welder/Fabricator in Saint Paul, MN
    Former Employee - Welder/Fabricator in Saint Paul, MN
    Doesn't Recommend
    Negative Outlook

    I worked at Veeco Instruments full-time (More than 10 years)

    Pros

    The only good thing about Veeco were the employees. But they were either let go or quit.

    Cons

    Too many to list.

    Advice to Management

    Stop trying to suck your way to the top and listen to people that know.


  3. Helpful (9)

    "A very dangerous proposal"

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

    Pros

    -Good starting salary
    -Some possibility to move up the ranks due to high turnover and layoffs across all levels
    -The pretentious titles handed out by the company can be used to get a better job elsewhere

    Cons

    -Technical people have very limited job opportunites in NY/NJ, the financial world dominates NY, moving to NY or NJ for a technical job is a very dangerous proposal, without even talking about working for the small volatile markets like the one Veeco dwells in
    -As a technical person, the skills gained at Veeco are almost useless to get a job in the greater NY area, most people have never heard of Veeco or the equipment or technologies they work on, you'll have to do quite a bit of explaining on your job interviews in companies unrelated to Veeco's industry, in some cases you might have to leave NY/NJ to get a job
    -Again, transferring your experience from Veeco anywhere else in the tristate area could prove to be challenging, this is a highly specialized company whose technology and products have limited appplications
    -Leaving a decent job with decent job prospects for a job with Veeco could end up
    wrecking your way of life, you can't depend on this job to support a family
    -High turnover at all levels means the knowledge is never transferred correctly, very few people, if any, retire from Veeco on their own terms
    -All new hires from disciplines like mechanical engineering, don't stay over 5 years, yet these machines are completely mechanically driven, how do you run a highly specialized company with so little experience, on the ground where the work is actually being done?
    -Several layers of managment, some levels have no direct reports they just shift responsibility from one department to another
    -Continuous layoffs; in the form of stealth layoffs, straight out layoffs and people being pushed out
    -The go to solution for all of the company's problems involves getting rid of people, not reduced profits or new products
    -Reacting to new work involves hiring many people for 1 or 2 new projects only to have to lay people off when the projects are completed
    -I only remember one occasion where "big" sales were tied to decisions made by management, all the other sales booms were related to natural disasters or situations beyond managements control
    -At least 2 employees have had stress related heart attacks sitting in their cubicles
    -Disorganized management would walk around with the words PIP (performance improvement plans, 30-60-90 day plans) in big bold letters on their notepads for everyone to see (probably out of carelessness), announcing confidential matters that could enrage employees and provoke dangerous situations
    -Take a very close look at the job descriptions, besides the poor english and the unheard of or explained acronyms, isn't it obvious that something is wrong with this place? How can one person be expected to be a detailed component designer, a system level designer, a project manager, an expert on several CAD packages, a manufacturing engineer, manage outsourced engineering firms, travel for business, mentor younger engineers, prepare reports for senior management, on and on, unrealistic expectations coupled with the lack of vision and the naivety of upper management is their ongoing formula for failure
    -A culture of aggression and of "ratting" each other out is promoted and encouraged, do you really want to work like this?
    -A parroquial sense of life pervades most of the aspects of work-life at Veeco, this is a thick veil for a well concealed racism/sexim that's imbued in their work culture

    Advice to Management

    -Understand what projects and technologies you should focus on, not by getting feedback from marketing, but by understanding general market conditions
    -Stop hiring on a project by project basis, bring in local consultants, pay them, you're paying big money anyway, in severance packages and relocation expenses
    -Consolidate operations
    -Stop promoting a culture of aggression and dog eats dog, many of you think and feel that this works, look at the big picture, it doesn't work


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  5. Helpful (3)

    "No strategic vision"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    There are some good people

    Cons

    There is no viable long-term strategy for growth
    Management refuses to pay for top talent
    Constant restructuring is demoralizing


  6. Helpful (4)

    "No future at all in either Veeco or its employee - Veeco is truely sinking"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Scientist in Somerset, NJ
    Former Employee - Scientist in Somerset, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good people around - good technology and lots of opportunity to learn, great bonus when there is profit

    Cons

    No career growth opportunity, average salary and benefits, continuous restructuring practice that often cause significant lay off - No job security. Moreover, excessive political and toxic environment - If you are in good book of higher management - you are good - otherwise you will be out - no matter the performance.

    Advice to Management

    Lot of changes need to be made in management - however - at this point , there isn't really any hope. All the very best to the organization


  7. Helpful (10)

    "Veeco - Avoid at all cost"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Veeco Instruments full-time (More than 10 years)

    Pros

    Compensation is average. There really is not much of anything else good that can be said of this company. There are some good products, but service support of those products takes the strategy of trying to squeeze as much money from as little service as possible. Products are purposely designed so that customers will be forced to pay high prices for services they would normally prefer to do for themselves.

    Cons

    Abusive disrespectful treatment of their suppliers. Some managers are abusive of employees and HR looks the other way. Women are almost exclusively employed only in clerical positions, and are generally not treated with respect, or valued. Those few women in technical positions are not treated fairly or given fair opportunities. Generally the company undervalues key employees. This company is constantly searching desperately for buried treasure. They trash and lose highly profitable business units, if they do not believe there is a huge pot of gold in the near future for that business. Only an outrageous growth business plan is of any interest, so everything but that, gets bled dry and then disposed of. This company is considered toxic by its suppliers, its end customers, and many of its employees.

    Advice to Management

    There's no hope for the future of this company unless management develops integrity, and begins to value customers, suppliers, and employees. That hasn't happened within the last 15 years, so it's pretty unlikely to happen now.


  8. Helpful (2)

    "Veeco is sinking..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Somerset, NJ
    Former Employee - Anonymous Employee in Somerset, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Some good people left who are struggling....

    Cons

    .... but there are more bad apples that have dysfunctional personalities and strive to maintain the status quo.

    Forget about career advancement here as they are as common as unicorns. They have a very high turnover and have been laying people off for the last 7 years. The cycle goes like this -- they get some orders, they have a hiring spree... when the business environment turns sour, they lay people off like used husks. It doesn't matter if you're a top designer or performer. If you're on the sights, you're gone. And guess who needs to take up the extra work? You're also expected to work long hours, and if you're on salary, too bad. Work/Life balance? What's that?

    The benefits keep changing year after year, and not for the better. It's all about cost-cutting for the company's benefit.

    Job security is non-existent and everyone is walking on eggshells. Just ask the people that work there should you not believe the warnings in this and other reviews.

    Caveat Emptor!

    Advice to Management

    Why don't you share your bonuses with the rest of the company in order to have some buffer during the tough times. But then again, if history is a guide, that is never going to happen.

    BTW, the executive bonuses are public knowledge. Just look it up on Yahoo.


  9. Helpful (5)

    "A soul crushing company with a quarter by quarter business plan"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Engineering Director in Somerset, NJ
    Former Employee - Engineering Director in Somerset, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Veeco Instruments full-time (More than 5 years)

    Pros

    Interesting technology
    Good team environment at engineer level
    Pay well, but they have to

    Cons

    Poor work life balance
    Confrontational non supportive executive team
    Clique of a few senior executives who protect each other and can do no wrong
    Not diversified and focused on highly cyclical market
    It you relocate, you are going to be an end entered servant for 2-3 years with poor annual raises until the payback period is over
    Significant voluntary and involuntary turnover at all levels
       - layoffs are an annual or more frequent occurrence
       - worked for 5 different VP/GMs over 6 years

    Advice to Management

    1) Replace a few senior executives who foster the conflict
    2) Diversify for stable growth
    3) Survey your employees to see what their perceptions are then act to improve your company and policies.
    4) Focus on your customers


  10. Helpful (2)

    "Unstable working environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Product Design Engineer in Saint Paul, MN
    Former Employee - Product Design Engineer in Saint Paul, MN
    Doesn't Recommend
    Negative Outlook

    I worked at Veeco Instruments full-time (Less than a year)

    Pros

    Nice work partners, nice people

    Cons

    Prepare to get laid off at any time. Very unstable working environment. If has a project, company will hire people; no project, company laid off people. People comes and goes for all of time. Do not expect yearly salary inflation increase. If your salary is not decreased, you are lucky.


  11. Helpful (2)

    "Are you kidding!? Don't waste your time unless all you want to do is work there for maybe 6 months to 1 year."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous
    Former Employee - Anonymous
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nice start off salary within any part of the company

    Cons

    Micro-managing upon Micro-managing upon Micro-managing of tasks and employees all the way down the chain. Until the buck stops where it stops.
    Get rid of employees when management makes bad decisions.

    Advice to Management

    Manufacturing companies such as yours needs to focus on their employees and the market to keep competitive and employees happh.
    Wasting time thinking that companies would be CAPITAL EQUIPMENT each year is very very stupid if you ask me coming from any type of college graduate with a sense of business. Come on!!



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