Executives without a clue, everyone jumping ship, layoffs - Engineer Panasonic Employee Review

2.0
Jul 21, 2019
Recommend
CEO approval
Business Outlook

Pros

- Insurance is good for families - Immediate vest for 401k including roth option - You'll likely get 2 dell 24" thin bezeled monitors if you sit at a desk. - It's Panasonic, a big name.

Cons

TL;DR Layoffs, average pay, low morale, executives don't have a clue. If you don't care about career advancement and can keep your head down, you'll do fine. - 45 layoffs July 2019. Executives said there were no plans for layoffs in the May 2019 all-hands meeting. They said layoffs are done now, but it appears they are still picking people off one by one so it doesn't raise any alarms. - Low employee morale. Everyone is looking for a job, even more so since the layoffs. No one wants to go down with the ship. No one tries to hide how bad this situation is, it's all common talk. - Yearly review is a forced bell curve. The entire team can't do well, someone has to suffer. - Organizational changes happening almost monthly. No one can keep it straight and who is responsible for what. - Silos everywhere. Departments don't want to help unless it benefits them and secures a good position for them. - Open floor layout, not OSHA compliant, lack of bathrooms, lack of parking, lack of conference rooms. - All the higher ups don't seem to know what they are doing. They know how to collect a fat paycheck and talk out of their butts. When it comes time to execute, nothing happens. - For some reason they are focused on innovation (are building 5 innovation studios). Customers are angry that the existing software sucks and that they paid for software that hasn't been delivered for over 2 years. Why focus on innovation? - Don't expect bay area pay even though they have a group in Pleasanton. Pleasanton people get paid more than OC people because of the standard of living. It's no wonder people don't like Pleasanton.

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