Pros
Paychecks were reliably deposited every 2-weeks
Cons
Management is horrible, morale is low, turnover is high. After all of the acquisitions it was determined that Renesas needed to be more average in terms of compensation, consequently all benefits were trimmed. Accrued vacation was reduced, 401K match was lowered, medical benefit cost increased, base pay stagnated. The determination was made that more experienced, higher paid employees would be less favorable to the young, inexperienced, low-tier pay workers. While this approach may work at many companies it does not work very well for a technology company, in particular for semiconductor suppliers. The race to the bottom has been won by Renesas. When a technology company is being run by a business oriented bean-counter, there is no hope for success. With the semiconductor shortage the next couple of years will be positive on the books but the long-term outlook is quite bleak, as customers have lost all confidence in the ability of the company to execute and support their products.
