Pros

Technical challenges are abundant. You will be immersed working with the best and the brightest. Senior management work with you in day to day operational, not just bunch of number crunchers. Bureaucracy is minimal, inter-group collaboration is highly encouraged.

Cons

Salary compensation is way too conservative. Management only try to be competitive in the fresh graduate hiring, but once you are inside, salary growth is minimal. Performance bonus is calculated with 40% revenue target, not very realistic for non-start up company. Some of the managers are great engineers, but poor people managers.

Advice to Senior Management

No lay-off during downturn and good work environment are something to be proud of, but you should also motivate your employees by providing better financial compensation so we can be competitive when the market turns around. Always saying "At least we're not laying off people like Dell is hardly motivating after 5+ years."