Pros

- You're surrounded of talented and creative and cool employees.
- The work, despite the occasional distractions and annoyances, the work is still satisfying
- You'll keep on top of the latest and greatest web and consumer internet design
- Nice environment (if you're on the Sunnyvale Campus... not so great on the other campuses like Santa Clara)

Cons

- Morale is generally not great because of attrition and layoffs and Yahoo! is getting beaten up in the press
- Management is always shuffling around and there are alot of political turf wars
- Consensus driven (impossible to make a quick decision and move quickly). For a Product Manager this is especially frustrating and undermining.

Advice to Senior Management

Focus on product excellence and delighting consumers. Depoliticize the management team.