Vantaggi
Was once a great innovator in Aerospace before Allied Signal acquired Honeywell and turned it into Honey-Ah-Lied. Still has some great engineers for new grads to work with, but very little new development to learn from, as management wants to "milk" the old products rather than invest in new development.. Benefits and pay were comparable to other aerospace companies, but the benefits have been steadily eroded for several years, including actual 10% pay cuts in 2009.
Svantaggi
Upper management's entire focus is to outsource everything to save money -- even if the engineering work and manufactured products coming out of the outsourcing are shoddy. Upper management takes no responsibility for the product problems and only wants more work outsourced while experienced engineers are laid off or pushed to retire due to benefit cuts. The company is being driven into the ground by greedy corporate executives who don't contribute any real leadership or vision for the future of the company. The profits generated by all the cost savings go to bloated executive salaries and buying other businesses to pillage. The first thing the management does after an acquisition is to sell off all the buildings and land of the new business (and lease back the buildings) to pretend that they have made a profit. Then the outsourcing and layoffs begin, followed by the stifling of any investment in new products. Basically it's a cannibalistic company, devouring any resources and terminating employees.