Big pharma company struggling for survival - Avis employé Director Merck

excessive work hours, poor work-life balance, lots of bureaucracy; management doesn't care about employees. performance reviews are stack-ranked vs peers every year, to be eligible for top tiers employee must also be considered as having greatest "long-term growth potential" with the company relative to peers on the same job (good luck with that if you're over 50). high performers may end up in bottom 2 tiers (those individuals are then assigned low importance projects or laid off). Company has frequent layoffs due to poor planning and business failures. salary ranges for each job are frequently re-evaluated and individual salary reductions or capping are common (greated impact on long term, experienced employees who are usually at high end of the band). experienced level positions are eliminated (laid off) then reposted on the internet at lower salary or title.