Cisco

Great technology. Training opportunities. Most groups allow flexibility with working from home one or two days a week. Annual bonus based on company & individual performance.

Layoffs (Restructuring) occur on an annual basis. These restructurings are usually not just for individuals; they might be for an entire group with the decision made by management, so your individual performance is not taken into account. Not a good environment to feel secure in your job.

Large company red tape and politics.

If you do not work at the mother ship location (San Jose), then you're considered a second-class citizen.