Pros
The server itself is an excellent, solid product. There are still a few bright people left, who abide by the P4 Commandments and are a pleasure to work with. Decent comp and benefits for employees who were around before it was sold in January. Working at Perforce had a profound and positive impact on my life, both professionally and personally.
Cons
There are fewer and fewer smart people on a daily basis, with fewer fun and interesting projects to work on. Morale in the Alameda and Canadian offices is poor. All-hands meetings used to be very transparent; we all had at least a light grasp on the company's financial situation from one quarter to the next, and this provided confidence that we were indeed profitable. Now all-hands meetings consist of lists of logos of companies that have been cold-called and sold to. Benefits and work culture are not what they once were. Employees who were around before Summit bought Perforce still retain some of the original benefits, but new employees will not. Morale is not good, at least in the Alameda and Canadian offices. There is a disconnect between what is said and what actions take place. Some people would call these instances lies. For example, we were told several times that there would be no more "headcount reductions", yet they continue to happen. Just to be clear, these are not people being let go with cause. Instead, they are layoffs designed to game their metrics, "consolidate", and hire offshore.
