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I have been working at Shutterfly full-time (More than a year)
Compensation is right in range with other companies and the room for growth is high, but that is if you have the potential. I have learned quite a bit in my time here already. There is an enjoyable environment in the office (but combined with stress).
For the department I work in, there is an extremely high churn rate (leaving after a few months). Some people just aren't cut out for this job. This puts even more stress on our already understaffed crew. Work-life balance is difficult at times. There can be too many large projects going on simultaneously. Also, I loved Treat.com... but I could understand they would get rid of the service if they were integrating it into one of their other brands or it just wasn't profiting.
Advice to Management
Shutterfly.com (and their subsidiaries, TinyPrints, Wedding Paper Divas, BorrowLenses, ThisLife, MyPublisher, and you can't forget about their newest acquisition, GrooveBook - the first company that was purchased from Shark Tank and Mr. Wonderful), are doing well.