eBay

Average benefits, average salary. Ok place to stick around if you're an average engineer and can't get into any top-tier companies or startups.

Reflected in the people working there: mostly people who've been there for 10 years, or fresh grads who didn't get a job anywhere else, or VPs that have failed at Microsoft or Yahoo.

Avoid the search backend team. They have been working on a rewrite of the search engine for the past two years and still haven't launched even a first version. All-star engineers have been fired or have been victims of internal politics. The management has brought in new VPs and management who are their friends but have no experience running a Silicon Valley company.

The upper management/CTO are completely blind to this. It's amazing how they can't see that the ship is sinking as the key people are leaving and it's being run by low-performing political jockeys.

Get new VP-level management from startups. Need new enthusiasm and not failed managers from Microsoft.