Microsoft – “Comfortable place in bad economy, but don't expect a startup culture”

Pros

You have an opportunity to move around the company, picking whatever division interests you, as your passions change. Very stable company; never, ever had layoffs. Amazing benefits: best medical insurance in the industry; membership in the largest sports club; Connector service picks you up from near your house and takes you to the campus.

Cons

Curve-based review system that does not allow for a team of "stars" to be recognized - and does not kick out a team of "losers". Well-entrenched "old boys club", especially in cash cow organizations like Windows and Office. Many teams cultures encourage "work-life balance" (a-la IBM) instead of working your butt off for great rewards.

Advice to Senior Management

Stop growing the workforce at such a radical rate; fire the bottom 10% of underperformers. Enforce accountability for failed projects.