1.0
3 Jun 2015
Anonymous employee
Former employee, more than 10 years
New York, NY
Recommend
CEO approval
Business outlook
Pros
Pay is generally below market, company has high attrition rate, and enterprise-wide initiatives are not executed well.
Cons
Company has an extremely high debt load (22 billion plus) that it keeps refinancing at high interest rates (currently 10.6 percent). Current CEO led the team that created what's considered the worst merger in the history of American business (Time-Warner/AOL). Reductions in workforce have happened at least semi-annually over the past several years, as the company finds ways to contract essential services out so that OIBDAN seems strong. The company has become quite effective at hiding these RIFs. Advancement opportunities are limited.