Pros
Well respected company in beauty sector. Good portfolio of brands, substantial growth past 5 years, known for developing people with excellent skills and strong work habits. Executives are paid well. No bonus payout for 2009 but company has prior history of paying very good bonuses. Can be a significant part of total compensation for Director level & above.
Cons
Flat organization with limited resources. Expect to work very hard. Economic downturn has resulted in poor 2009 results and major downsizing. Loss of many experienced employees in past 6 months. Layoffs are quietly continuing causing lots of uncertainty and major drop in morale. Remaining good people beginning to leave causing further employee churn. New management run the Beauty (Mass) division more like a traditional packaged goods company than a beauty company. Many feel the bad culture change is bad. Current morale is very low as a result of the changed culture and the loss of so many talented people.