Pros
There are some great things about working at P&G: -the company has fantastic benefits at best in class cost to employees -if you joined long ago the Profit Sharing Trust company contribution percentage is terrific (though it must be held in PG stock for a long time) -things are generally 'nice' - lots and lots of money is spent on everything
Cons
Ah - so many cons these days. This company feels directionless and has an unhappy, self-serving culture that is entirely focused on 'whats in it for me.' There are many things cited in many of these reviews that are certainly true - big, slow, bureaucratic, etc etc. I don't quibble with those, they are all true. Fundamentally I think this company is in deep trouble due to a sense of arrogance and entitlement that has seeped into every aspect of the culture. -Leaders talk about a "right to win" as though it has been ordained that eventually P&G and its brands will assume their rightful place at the head of the pack and all will be rewarded. -The company has curtailed hiring and has been handing out severance packages in order to try to make earnings figures, no one seems to realize that this results in an aging, like-minded workforce made up of those without the risk tolerance or skills to compete externally. Rather than getting rid of those who don't contribute this is the expensive, cowardly way out. -The value proposition for newer employees is MUCH worse than for those who joined long ago (in terms of advancement, compensation, profit sharing) so the few talented youngsters that do get hired are turning over like crazy. -After buying brands, seeing them stagnate, throwing one CEO under the bus, and bringing AG back for an encore, the Board has embraced "focus" as a strategy, selling off what AG put together in the first place. There is no change in culture, process etc underway - just a smaller version of the mess of recent years. I have heard no compelling rationale suggesting this is a winning plan. -When things go right its due to P&G brilliance, when they don't it is always externally driven - devaluation in Venezuela, foreign exchange headwinds etc etc. No accountability at any senior level. -Some people at the VP/Band 6 level have polish but no ideas and are very poor leaders. Lucky for them they can rotate jobs again and again, never really owning anything long enough to see a plan all the way through and have to live with the results.