Cisco

Big company with decent benefits and opportunities to work from home.

Good talent with lots of software experience.

Little training is allowed during the job (not enough time or department money for classes).

Manager turnover is very high (I've had more managers than years worked there).

It's hard to see a direct connection to the customer with the products you are working on (too many layers of people in between).

Yearly layoffs with little concern for talented people affected have created a bad morale situation.

Stop saying management 'cares about the employees' when they obviously don't, with layoff after layoff.

Executives continue to make a killing and hop internally from job to job, while the average "Joe" worries whether they will have a job next week.