Pros
Caterpillar Inc. was a good place to work these past 15+ years. As a researcher we were allowed the freedom to be creative within the projects assigned. When times were good, the atmosphere was positive. Now remaining employees are waiting for the next quarterly results, hoping for a turnabout, and an end to additional layoffs. The axe is always poised.
Cons
As with all large corporations, Dilbert is alive and well at Caterpillar. They seem to be much more interested in "process" than content. There's plenty of propaganda such as "world class" and "high velocity" slogans. In reality, there's too much management and process control. Career Opportunities was rated *, as I was part of an on-going "right-sizing" roll-out. A mass layoff. Rather than lay off the cheaper H1B employees from India and China, they laid off American workers. That's not right! Management has also blundered several large investments, essentially costing full-time employees their jobs.