Pros
Best technology in the world. Easily beating Xilinx at world class programmable logic technology. Wonderful world class people in the trenches that work hard and have pride in their work. Compensation packages good.
Cons
Lay off 5-10 people a month in San Jose even though they just came off a year of 62% growth. Circling the wagons around "top performers" and leaving the other 50% to "take it or leave it". WAY WAY WAY overcompensating top management. Take a look at the RSU's and options awarded to anyone on executive staff. Ridiculous. Management team is highly political because if you aren't from LSI Logic or market your "accomplishments" you're dead. Endless "task forces" that consume immense amounts of time. Never satisfied with P&L, even making 40%+ operating margin, you still fly coach and can't hire anyone unless you're in R&D.