Microsoft

The company is on an upward trend by upgrading its outdated internal infrastructure and practices and investing more in new products and services, instead of just Windows.

Still has a lingering culture of complacency.

This can actually be good if you just want a stable job to support a family, but not if you want to really make a big impact with your work (and not wait over a year before your feature gets shipped).

The tech scene in the Seattle area has become much more competitive. The compensation is no longer competitive enough to get and retain the top developers, and this makes keeping up with other companies more difficult. I've had some teammates leave to other companies to make more money. My manager then has a hard time replacing them because the offers we send out to excellent candidates get outbid by other companies.