Forest Labs Reviews
It was a nice place to work, good benefits and many career opportunities(in 12 reviews)
Good Benefits and work life balance(in 4 reviews)
With new CEO, things changed; layoff and projects cancelled(in 7 reviews)
Work-life balance is a challenge, constant change, company going through integration, job cuts(in 3 reviews)
Pros – Great benefits including stock options. Great people.
Cons – going through a major merger over the next few months, currently no clarify on future of this combined company
No, I would not recommend this company to a friend
Pros – People are mostly friendly, educated, and intelligent. There is work for you if you are good. Upper management is insightful and know what they are doing.
Cons – Since this is a time of company merger transition, job uncertainty is prevalent. If you want to move up the ladder you need to be assertive and make your aspirations know, else you will be left behind.
Advice to Senior Management – The working business model of buying promising compounds and bringing them to market work well for Forest.
Since Howard Solomon has stepped down from the CEO position and the new president Brent Saunders has a track record of having a company he runs being bought, that is exactly what happened, in record time, less than six months of his arrival.
Pros – Forest Labs provided the opportunity to work in a variety of therapeutic areas and with global co-development partners of all sizes.
Cons – Currently very strained environment due to reorganization, downsizing and pending sale to Actavis.
Pros – Friendly, laid back environment. There is much room for growth for an admin including positions other than administrative assistants.
Cons – The company is going through a major restructuring with a new CEO and lay-offs. Not sure what type of company it will become once
Pros – Flexible work place for our department, not the same in others
Cons – Company got sold and employees are waiting to see if they have jobs...not a lot of work being done.
Pros – Forest was a company that offered a great deal of rapid upward mobility to many individuals. The current change brought about by restructuring and the sale to Actavis will likely continue to create opportunities for some individuals. The diversity of Forest's product portfolio allows the company to compete in several large therapeutic areas.
Cons – Senior management failed to capitalize on the revenue windfall generated by Lexapro and Namenda in their hey-day. Clinging to an antiquated commercial sales and marketing model has negatively affected earnings growth. Conducting business "with blinders on" weakened the stock price and allowed for a takeover by Actavis.
Advice to Senior Management – If Forest will continue to function as an operating unit of Actavis it will be important to restructure senior management in sales, marketing, and contracting. The current group has proved unwilling to consider best practices executed by contemporaries in the industry. In a very direct manner this has led to the downfall of a once great sales and marketing organization. It will be imperative to introduce a culture willing to consider innovative ways of doing business in the new health care economy.
Pros – Company values were strong, work-life balance was available, picnic and great holiday parties were fun, good rapport with coworkers.
Cons – NOW... toxic, tense, unstable, unreliable - new CEO and his home-grown staff are home-grown liars.
Advice to Senior Management – You reap what you sow - you accepted a deal that has created chaos in the lives of Forest employees. Only the employees are suffering as you and your people have safely negotiated your millions. You don't feel the pain of your actions now, buddy, but what you do here, you pay for here. Don't ever fool yourself into thinking you'll be sheltered from this cruel and heartless act. Nothing is forever, remember that.
Pros – older CEO is nice and treated employees very well.
Cons – new CEO is sucks. He came and sold the company in four months after his arriving.
Advice to Senior Management – the company will be gone soon.
Pros – The people doing the work were very nice day to day.
Cons – Senior IT Management does not do any type of strategic long range plan. It's all about how much money it costs in the current year. No upward mobility unless you were buddies with the CIO or VP's.
Pros – Very nice office environment, good location, management values opinion from all levels, good communication, good benefits, ability to move up in many groups
Cons – Limited product range is the company's biggest problem. Some managers are not good leaders. The new management is putting lot of strains.