Pros
Salary was ver competitive. Company knows operations and how to manage business ops, financials, technology and maximizing shareholder value. Workload was sometimes too much as the company operates very lean. This is good for the company, but tough on the individual. Senior management is very good. Middle management and field management is sometimes suspect, incapable, and in some cases, not customer friendly. Lots of spreadsheet pushers, and few hands-on field people. Good overall company to work for, but if you are a customer friendly individual, get ready to have your hands full, and lots of "chiefs" telling you what "the boss wants".
Cons
Lots of hours, especially taking care of the customer. Lots of "managers" with fewer and fewer field folks really able to understand, communciate and handle customers and their issues. Sales force has been decimated and replaced with lots of propeller heads. If you are technical, you are still probably at Lam. If you are a relationship type of individual, the company sometimes (a lot) feels this type of employee is expendable. Could have tough consequences for market share in the future.