Pros

The electronic design automation domain is complex, hence there are deep algorithmic challenges in most tasks.

Cons

High-level management does not seem to be clueful, engineers not given enough respect, lower pay than competitors, unfairness in promotions, company seems to be doing worse than competitors, excessive politics, mid-level management discourages most things except maintenance-mode bug-fixing stuff, poor parity between different products in promotions and pay. All imho.

Advice to Senior Management

Respect your engineers, make middle-management accountable, and encourage innovation.