Pros
The technology is new and exciting
Co-workers are very nice like a family
One of the two product lines has no competition
Flexible working hours
Most mid-level managers are very good
Cons
Salary is 20% ~50% lower than industry average (unless you know the right person).
The management prefers to hire experienced rather than develop talents.
No, little if any, career advancement/professional development
Current new management is bringing in its crew. Politics is definitely apparent.
Communication from group to group and from the management to the employees is abysmal and inaccurate
Job description is inaccurate (borderline misleading).
Some positions workload is unreasonable (i.e. system engineers, field, manufacturing). Expect to work overtime
Very hectic environment with very little support.
It employs sink or swim on the job training method
Company is in transition phase from small to mid size (if it is not sold off before that happens).
Do not value the contribution of employees.