IBM

Great work-life balance, with the option to work from home some days (although this often depends on the manager).

Very advanced technology and many opportunities to be involved in furthering education and knowledge.

A lot of bureaucracy to work with. At one time, they encouraged developers to initiate projects; now, this is largely discouraged. It's difficult to move up as there are very few senior positions. Turnover seems to be quite high, with little room for advancement.

Compensation seems to be lagging behind other companies. Annual bonuses were eliminated a few years ago, and this really hurt morale.