PayPal

• Work-life balance is great in most of the teams.
• You get to work with brilliant people here. You can find very talented people in senior technical positions, and hence you can learn a lot.
• Pay is great, and annual bonuses are great too!
• Lots of employee engagement activities: Hackathons, festival celebrations, work anniversary awards, lots of cabs, Wi-Fi enabled buses.
• Fun and lifestyle: Gym, yoga, and dance classes, options for playing games. The Chennai office has TT, foosball, badminton, pool, Wii, etc.

They have internal infrastructural wrappers around all core frameworks: web services, message queues, DB access, etc.

Although they are far more efficient than open-source alternatives, they move you away from the basics. It's a little tough to work on open-source stuff later if you just use these tools to get your work done and don't understand them well.

Frequent re-orgs cause a lot of churn.

PayPal's strong point is that it's a "people" company, apart from all the other great things it has.

All the frequent reorgs and other activities that come along with them cause a lot of churn and kill the above "people" factor of this company.

PayPal should concentrate on maintaining that aspect, which makes it stand out (of course, that's to make it awesome).