Microsoft

Excellent benefits. Pay is good.

Way too many reorganizations. Also, a tendency to keep chasing the flavor of the day in new technologies, causing regular disruption in work. There is a strong move up or move out mentality in management. Employees content with where they are at and doing well there often get driven out. Mid to upper management often seems disconnected from what is going on.

Pay more attention to your small and mid-sized business customers. Cut down on reorganization churn. In the seven years I was there, I went through eight significant changes to the organization.

Also, keep enough of your M1s, M2s, and ICs in place to maintain continuity and tribal knowledge on products that have been built, rather than forcing team switches in responsibility, which cause significant setbacks in productivity due to relearning workloads.

Seriously watch out on quality! I can't emphasize this one enough. The move to combined engineering has caused a significant reduction in quality, and customers are noticing it. Quality is one of the big selling points of our products to businesses. Quality is still getting cut to make deadlines.