Pros
The once-glorified benefits & perks have diminished or are now non-existent (free yoga, paid dress-up days, anniversary bonuses, karaoke nights, movie night, paint night, book club, catered company lunch for each partner’s birthday, etc). HR had sugarcoated a major change to the 401k plan - what used to be 5% company-matching is now “25% of 5%” (a confusing phrase for saying 1.25%). The one benefit that remained was the paid time off, which includes vacation, personal, personal exempt, sick time, holidays, five office closure days during the summer, and more recently the “Summer (Half Day) Fridays.”
Cons
An important note is that within the last 2 years the company has had a series of layoffs in which over 100 employees have been affected. The partners would address these layoffs with thinly veiled comments of “sizing right for the company” and “adjusting to the current market.” The workplace had been an uncomfortable environment as upper management & those close to the partners walk around the office in surveillance, peering over employees’ shoulders & computers to check if work is being done while also assessing which persons would be the next to go. With the combination of numerous lawsuits, major production issues, lack of orders, and loss of business accounts & customers, the company no longer has the funds it once had to support itself. It may seem the company’s days are numbered if business doesn’t improve. The only foreseeable future for this 40+ year company is either selling or bankruptcy.