Pros
Adaptec is a very friendly atmosphere to work in and not very stressful. Adaptec has good technology that is fun to work on. The middle level managers and below are truely good managers and care about their employees. They allow time off for things that "come up" and allow their employees to work from home a few days out of the week. It really makes for a good atmosphere to work in. Also, Adaptec does seem to pay fairly well plus the benefits are as good as other technology companies. I have really enjoyed the family atmosphere which is what has kept me from leaving (so far).
Cons
There is little to no leadership from the CEO. Adaptec keeps bouncing around to different product ideas because of a lack of direction. The CEO has done a good job getting the books in order but good books without leadership is not a successful company. The CEO needs to pick a direction and stick with it (right, wrong or indifferent). Without any communications on the company direction, it makes it hard to know where the employees should be directing their focus. With the company shrinking every quarter, it has been very hard to advance my career. The morale has been so low for so long, it makes it hard to come to work with a positive mindframe.