Pros
Stable company with very good stock performance. The undisputed leader in payment processing. Competitive salaries. Excellent medical plan and a decent 401k, although the employer match was significantly reduced when the company went public. Rumored to have a good severance package, but the details are kept secret.
Cons
A huge change in corporate culture. Unlike the “old days” when employees were truly valued, they are now viewed as names on an org chart. Despite high profitability, enough is never enough, and the focus is on strictly on cutting costs. Efficient systems are being replaced with less expensive and more labor intensive alternatives. Employees are falling victim to a process called “globalization” which is a politically correct term for outsourcing American jobs to foreign countries. Two-way communication has become a thing of the past, and employee feedback is never solicited or encouraged. Change comes from the top without regard for the impact on morale or productivity. The affected employees are never consulted or included in the evaluation or decision process but are expected to make the changes work. The new philosophy seems to be “do more with less and don’t complain”. Worst of all, employees live in constant fear of being stopped at the door and told that yesterday was their last day.
