Spansion – “Stay Away”

Pros

There are some very high quality individuals that work here. Please be kind to them when they inevitably come looking for that next job. Also, it is a paycheck in an otherwise poor economy, but as far as management goes, they are as Morally Bankrupt as they are Economically Bankrupt (Chapter 11).

Cons

Do not come to work here!

The Company will say anything to get you to come, when it hires. When they don't deliver it will be "Well, things change". They don't pay out their bonuses, and they will probably give you a paycut after a while. Everyone received a 5% pay cut. No communication on if its permanent or not. Executives kept full pay, as they bleed the company dry.

Inherently unstable, may not be here in a year. The business model here is still broken, I believe the are mortgaging their future to live for the day. At least they provide jobs during a poor economy, too bad there is not a real future.

Advice to Senior Management

Stop running a political shop, and start focusing on real measurable productivity. Reward those that put up, remove those that don't. You don't have enough free cash/energy to continue to tolerate the deadwood that still fills the halls.