Pros
The company provides a strong, defined career path for young new hires (although older hires struggle to be recognized for their contributions and commitment). The company also offers a broad and robust learning and development program.
Cons
The phrase "if you're not Dutch, you're not much" has never been more true than it is now. Local (as in North American) employees are leaving at an astonishing rate - numerous in Q1 and Q2, and a lay off announced in the last few days will further erode morale and engagement of those remaining. Dutch employees in the US are brought in to replace those who have left or been forced to leave and they rarely suffer the same fate as local employees, being airlifted out to a secure job in Holland or elsewhere when the going gets tough. Dutch people are regularly promoted while in the US, while other long standing, hi-performing employees are left in the dust. Philips Consumer Lifestyles has boosted its engagement ratings by requiring managers and supervisors to include engagement scores in their incentive-linked annual goals - employees (human nature) inflate their engagement ratings to increase their incentive payments. Draw your own conclusions about this.