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Decent benefits, telecommuting opportunities exist.
Seems we're always having budget problems, so training and development are the first things to get cut. Raises and promotions are handled in a mysterious, mystical fashion; no apparent rhyme or reason; guidelines differ depending on who you talk to. All employees (based on your department) are not treated equal. Senior management is very Command & Control oriented.
Advice to Management
Cutting cost by slashing budget is much less effective in the long term than you think. Eliminating waste within our company (waiting, defects, etc.) is the better way to go. And yes, there is waste in everything we do.