Great place to work if you are a clock puncher close to retirement, but don't go there if you have any aspirations - Project Manager Philips Employee Review

Don't expect to make any difference there, even less so than in your typical blue chip company. If you enjoy what you do and like to see an impact of your work, you will be greatly disappointed. Company stays in business by milking its current product lines with a tweak here and there and buying and integrating third party solutions to stay competitive. Mainstream medical device market moves very slowly so this strategy works to a point. They've had their share of layoffs back in 2008 and again last year, and with the new Philips CEO on board and Accelerate! program more are probably coming. They don't really appreciate your effort unless you put all of it into maintaining status quo and brown nosing your manager and everyone else who you think may be useful to you. People have nice manners on the surface and they are helpful to an extent that requires little or no effort on their part but when rubber hits the road all they really want is to point finger at someone else and make it their problem. Everyone is scared as hell to take on any responsibility outside of their immediate area. The original HP engineering culture that started Silicon Valley has long evaporated post acquisition and was replaced with a new way of thinking of engineers as commodity "resource". I guess this can work for awhile if you are in maintenance mode and all you want is to protect and keep milking your established niche. But this can not be viable long term strategy and I think the new top management realizes it (but if you are close to retirement, why would you care ?). The company pays OK salaries, but what they fail to understand is that good people are not motivated by money alone. In the end of the day you feel squeezed like a lemon by an endless series of pointless meetings and senseless requests having accomplished absolutely nothing to advance your personal knowledge or your career. Over time and this environment becomes damaging to your sanity and professional development.