Sinking Ship - Anonymous employee Lumileds Employee Review

2.0
19 July 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- 401k match - International company, heavy travel culture gets you airline status - Opportunities to shine if you show initiative - Good Work/Life if you master political games (blame others/take credit)

Cons

- Too much favoritism (this may be a Pro, depending on your internal network) - Majority of capable people gone or leaving, company now very top heavy because retention bonuses and big incentives only paid to Directors and above. - Few promotion opportunities except for those with connections. Directors/VP's almost all external hires - New HR and corporate functions are clueless and out of touch. Hired in a rush when splitting from Philips, ended up with rejects from other companies - Increasing healthcare costs because of aging/preretirement workforce. Will not improve since Company doesn't invest in new or mid-career employees

Explore other reviews about Lumileds

5.0
2 July 2024
Recommend
CEO approval
Business outlook

Pros

Great place to work for

Cons

No Cons here at this company

3.0
7 Oct 2024
Recommend
CEO approval
Business outlook

Pros

The people. Most of the people are kind and wanting to move the ball forward. The time flexibility. The management team recognizes that they don't have alot to offer financially - but work life balance is free. They allow different work hours, a degree of remote flexibility, and a generous vacation benefit. Safety of the employees and eliminating hazardous activities/situations has always been a high priority.

Cons

It's not terribly inspiring. Working for a struggling company which is forced to make the hard decisions is not uplifting. The future at this location is pretty bleak at this exact moment. The last merit increase was in 2022. Therefore we're all working at a 15% discount based on cost of living changes.

2
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