Qualcomm

Great co-workers. Can be fun and challenging. Management can be open to exciting technologies and creative, in-house developed solutions. Flexibility in work hours.

Management favoritism and clubishness reflected in promotions and compensation, not necessarily your value and productivity.

Layoffs gutting departments and killing morale.

For the most part, you've got great people. Get to know them, their value to the organization, and their contributions. Reward those deserving. Spend less time in meetings and more time walking into the cubes and offices of your workers. Cool it with the layoffs.