High variable interest debt load from merger with II-VI adversely affecting business - Sr. Process Engineer Coherent Corp. Employee Review

2.0
Nov 4, 2023
Recommend
CEO approval
Business Outlook

Pros

Great people at the works-site; technically challenging; team-oriented atmosphere

Cons

Unfortunately management took on variable interest debt during the II-VI merger and subsequently drastically underestimated the impact of Fed interest rate hikes. In addition the 2024 forecast was substantially down-graded resulting in drastic budget cuts & lay-offs company wide.

Explore other reviews about Coherent Corp.

5.0
Jan 26, 2026
Recommend
CEO approval
Business Outlook

Pros

Great company and colleages to work with

Cons

Home office is not always possible

2.0
Jun 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Exposure to major markets. Good experience. Many kind people.

Cons

Prepare to work 55 hours per week. Late night calls regular. Company only cares about its revenue this quarter. Management colleagues are mostly white men in their 50’s who play golf. Cliquey. Everyone has been there for 20 years.

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