Pros
Pre-COVID and during the pandemic, the company showed tremendous flexibility and concern for employees’ welfare. This was rewarded with good earnings and no productivity loss - so we were told.
Cons
Entire business is going through layoffs and extreme cost-cutting. It’s not clear what drives this, as earnings aren’t terrible. McKinsey and other consultancies have been involved. Intention to downsize and restructure was announced last year and is set to drag out through Q4 ‘24, placing most levels into a state of prolonged anxiety. Intentions have been a tightly held secret as they relate to most people’s jobs. Policies have changed to the detriment of morale - forced RTO without intentional meetings to collaborate or departmental seating. Monthly as opposed to bi-weekly payroll switch with little prep. Overall opacity from leadership and complete lack of flexibility from business. And HR has always been a weak spot at Pru - with out-dated policies and comes off to employees like a gatekeeper/enforcer as opposed to a resource or partner. The distinct message that no one has value or much hope for career here is being clearly communicated. Maybe they hope for attrition to save costs.
