Cisco

Good work-life balance.

Amazing campus and facilities.

Good benefits: transportation, broadband, health checkups.

Work is also good (depends on the project).

Bad/Less Hikes

Takes years for promotion.

Hikes are not dependent upon performance; it's purely based on budgets and manager's preferences (at least in Bangalore's office).

Some of the second-level managers are just doing time pass.

They are just interested in interviewing candidates and conducting appraisals. All the hard work is done by engineers and tech leads, but they take away all the credit and get awards/stocks.