Standard corporate environment and atmosphere - keep your expectations low
Pros
Philips has an excellent benefits package, certainly better than a comparably sized global company that I worked with previously. Overall, I think Philips makes good products and is an average place to work, in terms of advancement, recognition and career aspirations. I'm so frustrated working here that I'm struggling to find many "Pros".
Cons
I have never worked for a more dysfunctional organization in my career. Senior management routinely make poor strategic decisions and leave the rank and file to try and make the most of it. The "high potential" program cuts both ways - if you aren't a designated HYPO, you are going nowhere and those that do get designated, get a lot of responsibility thrown at them with little or no support from management. The basic philosophy is to only invest the bare minimum in the business and hope for the absolute best results.